Isn't the title flamebait?
The criteria is already reasonable: Have to be in the top 5% of users...have to have already used atleast 4.7GB that billing cycle, have to be on a cell site that is experience a peak load...
No one knows what reduced speeds even means; is it just half of what a person normally would have received --> 7Mbps instead of 14 Mbps? 15 Mbps instead of 30 Mbps? 2.5 Mbps instead of 5 Mbps? Maybe its dynamically going to determine how much slower it will be based upon the load of tower?
I'm not sure how this is Verizon purging an unlimited plan - wasn't the end game expectation to have LTE speeds around a consistent 3-5Mbps?
Like another user pointed out: They can reasonably manage the network, and if 10 idiots are torrenting at Megabytes per second because they tether to their phone 24/7, and it slows everything down for everyone else trying to watch a netflix program on their phone, it makes sense to throttle those people. If those driving 20+GB/month really want to leave, they should feel free to do so because they aren't on contract anymore. 100/month for wireless internet with the best provider, that lets you tether, is an amazing deal as it is. If you switch to Tmobile and pay 50/month, I promise you that you won't get Verizon Performance; welcome to the lands of inconsistent ping.