From engadget & iphonesimfree's FAQ.


1. Would all the same features still work?

Yes. Except for Visual Voice mail (which is an exclusive AT&T feature), all features currently available on locked phones will be available on unlocked phones. *


2. Is it resistant to updates?

While we have taken all possible measures to ensure that the phone will remain unlocked, we can only guarantee the current released versions of updates (up to and including 1.0.2). With any of these versions, even if the phone is fully restored, the phone will remain unlocked.


3. If I restore my phone will the software still work?

Yes (confirmed up to version 1.02)


4. Is it completely unlocked for voice and data use with any alternative carrier?

We have tested both voice and data extensively in multiple countries, using various different carriers and have found no problems. **


5. Do you still need itunes to activate the phone?

Activating your phone with itunes is not the only method available for activation. In order to use our software you will need to activate your phone through the means of your choice (see question 11)


6. Will the unlock work on phones that have been activated?

Yes, an activated phone is required for our software to work. (see question 5 above)


7. Can I unlock it before the AT&T registration process?

Yes


8. Does it work with 1.02 update?

Yes


9. Will it work on my network?

If your network supports a standard GSM sim


10. What is the process the end user will go through?

Currently our initial release will require that the end user activate and “jail break” in order to place our app on the phone. (We are working toward a fully automated pc/mac application to be released shortly after launch)


11. Is it easy to install?

Unlike other methods currently available, our software is by far the simplest and quickest to install and set up.


12. How many iphones can I unlock with one license?

One


13. When can I get it?

We are hoping to release in the next 48-72 hours


14. How much is it?

We are currently working on various pricing structures which will be announced in due course.


15. Payment method?

We are working to offer as many different methods as possible


16. Do you offer 100% money back guarantee if the software does not work?

The unlock WILL work. We cannot offer any guarantee should Apple Inc. choose to re-lock the phone after a future update.


17. How do you deliver the software?

The software will be made available for download once a registered user has made their payment.




* = youtube may require some specific activation.

** = iphone software update 1.0.2 is required to enter the correct provider details for data usage.


The most important question is, HOW MUCH.

Im going to go with most important question!
When? And I mean a real no PR bullshit answer?!?!

You mean someone is actually hacking the iPhone?

Preposterous!

hmmmm, I check the Wiki message boards and updates every morning with my fingers crossed. In my heart of hearts I cannot wait for a software unlock!!!! But me thinks that because of some legal shiyite, Apple might win this one and we're all gonna have to suffer....

Although I am skeptical when it comes to these people claiming to have a software unlock, the issue may be how to distribute the software to maximize the amount of money they can make. The reason being, that whatever software is released will eventually be free (within days).

I'm still not sure they have it, but if they do it would be hard to release with the intent of making money.

IF they do have it unlocked... they should ask for donations, saying they will release it when they recieve X amount of dollars. So they ensure they make money off it.

WHY?!?!

They wanna make money!
Well... RELEASE THIS SOFTWARE!!!

Any one would pay 10$ to unlock iPhone!

about 500,000 iPhone were sold only in the first weekend!!

10 x 500,000 =

Yeah, but think about it for a second before posting eh?

If the software is Dev Team-style downloadable with source code, then firstly why would anyone other than the first person pay anything? Assuming the first person wasn't incredibly upright and didn't keep the software to him/herself, then it'd find itself shared on the internet within hours.

Secondly, if they released it as per licence with source code, then it'd be obvious if it was a solo effort or whether it just used the Dev Team's or Hotz's open code. If so, then there may be legal ramifications.

Lastly, the code (if it exists) probably already works (unless Engadget were duped). What's more tricky is building a high-availability sales system that only allows ONE IMEI to run the binary, and obfuscates the binary as well (since there are plenty of 1337 reversers here after all).

It's all about money. If it is for real, then it needs to be sold in such a way that it can't be shared. Think about music files, and the idiot attempts by the record labels.

However, I'd have thought that any phone unlock shop would already have the technology to do this... unless it's the first time a Unix OS needed a crack...