With Software and Soldering, a Non-AT&T iPhone - New York Times
New Jersey wizz kid cracks the iPhone so that any service provider can be used with the phone. Took him 500 hours and little solder and some software. The eBay auction for his phone is up to $50,100 at the time of this post. Completely retarded. If I had that much cash, I would put a downpayment on an apartment, which is a much better investment.