Yes, so you can keep your TMobile SIM, even Rogers in Canada, instead of switching to AT&T ... and use your iPhone with that current service and plan.
According to this same article iPhoneSIMFree will start selling the application to unlock the iPhone next week.
Engadget has provided some screen shots of this. Check them out. Leave your thoughts...
Update:
BBCNews also posted an article Teenage hacker unlocks the iPhone with the hacker who was able to unlock the iPhone.
"Some of my friends think I wasted my summer but I think it was worth it,"
This hack however involves soldering as well as software manipulation but the young hacker is trying to make it an all software process. Visit his blog for instructions on how to unlock the iPhone: Finding JTAG
CNBC Interview
What does this mean? Well, increased sales for Apple, that's for sure. This definitely does not affect the price of the iPhone. AT&T on the other hand will suffer a reduction in new accounts, as users are now not required to transfer existing accounts or sign new ones with them in order to get an iPhone. APPL share price and revenue goes up, ATT goes down.
