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If an iPhone (or any phone for that matter) does not have have an LTE chip built-in, it will not talk to any LTE network. Period.
Additionally, just because AT&T and Verizon will be using the same network technology on the same 700Mhz frequency does not mean roaming will necessarily be allowed. That is a contract AT&T & Verizon will have to make.
If an iPhone has an LTE chip built-in it and is still exclusive to AT&T... it will not work on Verizon. There might or might not be unlocking software available for the future iPhone version, and Apple could even design the software on the American iPhone to only talk to AT&T DNS servers.
Until the iPhone is an open, unlocked phone in the States, there will not be a good, reliable way to use it with another network beyond AT&T.
But I am glad the 700Mhz auction required open access to software and hardware. If I want to go and buy an LTE-compatible Android device from any retailers in a few years I can put it on Verizon's network and not have to sign a contract. Win-win for consumers.