It's hard to say if Verizon's latest move is related to that FCC investigation, but it seems likely that it combined with public outcry has played a role in the company removing 10 devices from the "Advanced" list originally submitted to the FCC back in December.
All of the removed devices were in a class dubbed "featurephones" -- high-end media-oriented mobile devices that technically don't qualify as smartphones since they're not running a smartphone operating system. That's surely good news for potential customers in that category, but the huge $350 ETF remains for mobile users who opt for BlackBerry, Windows Mobile, Palm, or Android on their handsets (or who want to pick up one of the subsidized HP Mini or Gateway netbooks). You can check out the full list of what Verizon considers Advanced Devices here.
No action has been taken to date, but we may still see action yet on the part of the FCC. What do you think about the $350 Early Termination Fee for high-end Verizon products?