Ok, here's the deal, story one from the Corporate Verizon Store, story 2 from customer service over the phone:
1. If you want another Note 7, keep it, watch it carefully or just charge it wirelessly, then when the new Note 7's come out, come in and exchange it. SUBSTORY: I traded in my iPhone 6plus on the Note 7 and got $320 in credit. If today I turned it back in, I would get a full refund for the balance I owe on the Note 7, BUT WILL NOT GET THE 320 back for the trade in since "that phone is gone and that deal is done." Sheesh.
2. Rep named "Page" said that we have until September 30 to turn in our phones. We should wait until then to see if the new Note 7's are out. BUT: if they aren't, since Verizon said you can turn it in for a "comparable phone" (read S7 Edge), then after the 30th you are SOOL. They won't replace it after the 30th. She said it is a deadline and that we have 4 weeks to make up our mind, and after that Verizon says we are stuck with it and if anything happens to it we have to cover it under insurance if you have it, which means at least 199.99 in fees to Asurion.
I for one am waiting and will exchange my Note 7 for a new Note 7.