No, you're right Fever, but not quite as right as you could be.
There is a veer set (one TE, two split backs, QB under center) that the veer was developed to work with, I believe in Houston. The Flexbone is a way to run the veer out of a balanced spread formation using pre-snap motion to get the players in the right positions to run the veer. (weak side A back motions back, becomes the 2nd HB, strong side A back becomes the "TE" in the veer formation) The core running plays in the flexbone formation, though, are Inside Veer, Outside Veer, Midline Option.
The cool thing about running the veer out of the flexbone, is that the veer is a really hard thing to stop in and of itself when run properly, and the flexbone has two major advantages over the old Houston veer. One is that it's a balanced formation, so the defense doesn't know how to line up against it, and the QB can make a presnap read to go a different direction with the play based on how the D lines up, just by counting how many defenders are in different places on the field. (can't do that with the Veer formation because your TE would have to switch sides) The other cool thing is that you've essentially got 4 fast receivers on the line for pass plays, so the defense has to honor the pass, taking yet more defenders out of run coverage.
I really didn't know a whole lot about this stuff until we hired PJ, then I did some reading. That Sunday Morning QB link above is great reading, and there's a link in it somewhere to a Notre Dame blog that broke down Navy's play selection vs them, play by play, to demonstrate how it works.
I highly encourage reading through some of the links above to understand the nuances of our offense before the season starts. Should make watching it a lot more interesting, because you'll be able to see the adjustments we make a lot better. Adjustments in this offense are going to be about blocking schemes, not about different formations or play selection like in a traditional offense.
beej67,
NOT a veer expert, but did stay in a Holiday Inn Express last night