"select carrier and retail outlets will provide customers, who prefer a replacement Note7, with a Samsung J Series loaner phone to use until new Note7s are available."
This part of the press release leaves much to be desired, in my opinion. There is nothing here that states you will get a loaner phone at every VZW store, corporate or not. Verizon still has discretion as to how many, if any, Samsung J phones they provide to Note 7 owners. There is still a lot of leg and phone work for Note 7 owners to do in order to try and get a loan from VZW.
I hope everyone gets what they want, tho!