MrKupiwup got a reply from verizonwireless that the smartphone 2003 update from verizon wireless for Samsung i600 Smartphone will be released one week later. This was scheduled on 12th of July

From the reply... 

Thank you for contacting the Verizon Wireless website.  We understand your
frustration and apologize for the delay in waiting for the Smartphone 2003
update.  As part of our Worry Free Guarantee, your concern becomes our
concern the first time you contact us.  We are happy to assist you with your
inquiry.

The update was scheduled to become available today, but due to unforeseen
circumstances, it was necessary to postpone the release one more week.  The
update will be available as a download from our www.verizonwireless.com
website, or from select retail stores, next Monday, the 19th of July.
Customers that are currently using one of our PDA/Smartphone data plans will
be entitled to the upgrade free of charge.  Customers without a
PDA/Smartphone data plan will be required to pay $15 for the update.  After
October 1st, all i600 users will be required to pay $15 for the update.
Please check our www.verizonwireless.com website on Monday for more
information.

If you have further questions or concerns, please contact us anytime through
e-mail using the address of wirelessdata@verizonwireless.com.  We appreciate
your business and thank you for choosing Verizon Wireless.

Sincerely,

Chris
Verizon Wireless
Wireless Data Technical Support

Thanks MrKupiwup from Microsoft smartphone newsgroup for providing this!