I would agree that it is pretty extreme. They do have ~$50 packages which is "Freedom something" and I think it goes up from there. Now take into account the FIOS pricing (I have a friend who has it, so I popped their address into Verizon.com)
Internet only 15/5 - $75
Phone only - $50
Both of the above - $75
Triple play cheapest tier - $80
What does all this say? Who knows. I can only guess this means they have more overhead with copper (maybe due to maintenance or whatever) and I bet if Verizon could get out of it completely and go completely wireless, they'd love it. They already sold off a bunch of markets so that tells you they are like any corporation, trying to watch their bottom line and make as much money as possible. I don't fault them for this, but it certainly does hurt when you can't get any real competition to help get better services and lower prices.