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For Sprint and Verizon CDMA, 4G is more than just fast data speeds, 4G gives you the ability to talk and surf the net at the same time when you don't have WiFi coverage.
If Verizon does release a Pre 3 4G, you will be able to make a call and surf the web at the same time.
If it is the Pre 3, Verizon owners will not be able to simultaneously make a call and surf the web at this time.
So far, LTE is not listed in the Pre 3 specs but we don't know who the carriers might be. Maybe if HP does a Verizon version, HP might add LTE?
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