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Originally Posted by Azayzel
Actually made the public paper over here, kinda exciting to hear. Apparently the guy (a 17 y.o. kid!) who figured out how to unlock the carrier on the iPhone said that while it works, it takes a couple of hours to do, so I guess it isn't for the faint of heart. Now it's just a matter of time before China starts importing a slew and releases them on eBay at a fat profit (maybe, I know the iPhone is overly expensive as it is, can't imagine how much this will add to their charges).
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Go read the article. The 6 guys who demoed it for Engadget wrote a software hack. It takes less than 5 minute to do it.