Screenshot by Lance Whitney/CNET)
Verizon has already approved the latest Android update to start rolling out. The Verizon Web site indicates that the update is coming soon, though a fellow CNET reporter with a Verizon Galaxy Nexus confirmed that he has already received the update.
The 4G LTE Galaxy Nexus came equipped with Android 4.0 out of the box, so the new update brings it up the latest version, namely Android 4.0.4. A Verizon spokesman told CNET that the update also offers various enhancements for the phone.
A Verizon update page provides more information about the various enhancements and benefits along with instructions on how to update your phone.