Well, disturbing news for a lot of people. Happy news for a lot of other people. Telecoms.com reports that a US teenager, George Hotz, spent his entire summer break hacking the iPhone. This he succeeded in doing, trading the hacked iPhone (hacked so that it can be used on any network, not just the ones it is branded for) during the weekend.
Other people and organizations are also working on cracking the iPhone, which means it’ll be some nervous times at, for instance, AT&T, the network that the iPhone is supposed to be solely connected to in the US. As many of the potential customers for the iPhone are pretty technologically aware people, changing operator with the help of a cracking software should pose no greater obstacle. We’ll see what happens.
What did he trade it for? A Nissan 350Z and three 8GB iPhones :). Well spent summer break, methinks.