The fifth statement makes it sound like they will soon partition other services into special networks. E.g. imagine if you had to buy a special XBox Online connectivety package from Verizon to connect your XBox to the XBox live community? Imagine that they created a new Twitter aggregate service you had to buy separately, which would push your twitter updates to a special twitter client, instead of your web browser (also, imagine you give a rats ass about twitter). No more netflix through your web broweser, instead, you have to buy a special netflix home delivery service package.
My point is, currently everything is on the internet, what their statement makes me think is that the want to take a lot of things off the internet. Of course, they'd have to get the buy-in of the producers of the content too, but I woudln't put it past some of these companies.
Comcast and other cable companies already do this with their VOIP services. They were supposed to use regular broadband spectrum to support VOIP, this way, they could argue they weren't a dedicated phone provider, and didn't have to follow the rules imposed on telephone companies. Instead, it was found that some of these companies used a dedicated portion of their spectrum to ensure phone traffic got through. AT&T and others argue this is a dedicated network and thus made them fall under the jurisdiction of the FCC. Long story short, this is exactly what Google and Verizon laid out in their fifth point. Rather than open up the internet, they want to move more stuff away from the internet so they can charge more for it. They are simply redefining what "internet" means, to reduce its scope and get around the language of the FCC sanctions.