“Apparently, the amazing code wizards at the iPhone Dev Wiki have been able to partially unlock the iPhone using a new application called iASign. It won’t fully unlock the iPhone for use with other companies, but the hack will allow you to use any existing Cingular/AT&T Pre-paid/MVNA SIM so you don’t have to get a two-year contract with AT&T,” Jesus Diaz reports for Gizmodo.
Full article, with more details and links, here.