Up to five devices can share a connection using the MiFi-like device, and it supports 802.11b,g, and n. It's also VPN capable.
The unit is not the first to allow the sharing of Verizon LTE data connections via Wi-Fi -- that honor goes to the HTC Thunderbolt. However, in order to use the data feature you're going to need to have a plan that supports it, increasing the monthly cost of ownership.
Of course, the price of admission onto Verizon's LTE towers isn't cheap. The Samsung hotspot requires a data plan at $50/month, which gives you 5GB of bandwidth each month. But if you're truly using this as a hotspot, that cost spread out over several devices sounds more reasonable.
This story, "Verizon's First LTE Hotspot Goes on Sale" was originally published by Technologizer.