It sure looks that way. I've heard through the grapevine that Verizon has lost approximately one third of it's business since 1996. Verizon is also seeking rate increases and sending out 'come back' offers that are just short of ridiculous considering what they're offering.
Right now my Vonage unlimited account costs me a total of $33 a month once all the damned fees are added in. Yes, we pay taxes, E-911, etc. because the incumbents bitched about it and so now we get to share in the joy. But the same service from Verizon would cost me $90 a month so I'll swallow the pill without too much complaint.