A new Jersey teen has completed a successful hack of the iPhone and has made it unlockable. That’s cool and all but it still will only work on the GSM network and you have two choices in the states; AT&T and T-Mobile. Two companies I would rather not deal with and have had previous negative experiences with AT&T. I know Verizon was offered the opportunity to get in on the action but refused due to the contract terms that Apple offered, Apple wanted a piece of VZW pie, and Verizon refused.
Now of course all these other people out there want to make a quick buck on this new angle and exploit the system. The 17 year old, George Hotz, did it to see if he could and doesn’t plan on making anything off the deal. But, others see this as a lucrative market especially overseas where the limits are boundless. It will be interesting to see what all transpires.