Yes, it is a big design win, and the reason this is news is because AMD's SeaMicro server is being used to deliver a next generation enterprise cloud with capabilities no other public cloud provider offers. Verizon decided to collaborate with AMD because they could not do this with off the shelf servers. This is a result of over two years of R&D by AMD and Verizon. As for price, a standard SeaMicro SM15000 server starts at around $139,000.
Young-Sae Song Corporate Vice President of Product Marketing at Data Center Server Solutions for AMD