Just an FYI, make sure you get the F265 model and not the older F2260. Sound quality is much better and the 265 supports CallerID with name service, but Verizon charges $3/mo extra for it.
I am not sure what model I have (got it 22 months ago) but the audio quality is as good as any telephone I have owned. The sound quality depends on what you have plugged into the Home Phone Connect. If you have good quality phones it will sound fine.
I use a V-Tech cordless phone system with the Home Phone Connect. It has 4 cordless phones. I also have a Old non-battery princess type phone plugged into the HPC. This is because if I lose electrical power the cordless phones do not work even tho the Home Connect continues to work because of its internal battery. The princess phone works fine without power. Note that the Home Connect provides a off-hook dial tone unlike cellphones.
Caller ID works great with this setup without any extra cost. The Caller ID will get the persons name from the cordless phone's contact list, otherwise it just shows the phone number. In addition the V-Tech system announces the name or phone number in speech audio.
If you have Verizon Wireless cellphones you can share your minutes with the Home connect for $10 a month. For $20 a month you get a separate plan with unlimited, un-timed calling including Long Distance. This is a fantastic deal. I have this plan because my cellphone plan is basic with limited minutes. Also all Verizon to Verizon calls are un-timed, which means I can call home from my Verizon cellphone without minutes being charged.
As another poster has noted the Verizon Home Phone Connect is NOT VOIP. It is a cellphone interface to regular phones and if you are in an area (like me) that has good Verizon Wireless connect ability you will love this system. For 22 months it has been 100% reliable. My contract runs out in a couple of months and I definitely plan on continuing this great service.
Edited by Lazy Senior, 08 March 2013 - 07:24 AM.