Well this came out of nowhere. According to a recent FCC filing a new Microsoft Lumia device with Verizon branding is in the works. The photos taken from the FCC website shows the model number of the Lumia 735, which according to the leaked specs is a mid-range Windows Phone.
The Lumia 735 according to the new leaked information, will have a 4.7 inch 720p display, 1GB of RAM, 8GB of storage, expandable via SD card and will be running a Snapdragon 400 (Quadcore). In terms of optics, it will have 7 Megapixel Camera, and a 5 megapixel front facing camera.
Photo (FCC) via: WindowsPhoneCentral