While we anxiously wait for Pwnage Tool to unlock our iPhones, there might be another solution available. Engadget reports that a group from Brazil has devised a way to unlock which is similar to Turbo Sim. They used a small SIM like card, which you place on top of your SIM and it disables International Mobile Subscriber Identity. This allows using any SIM card you like. The cost of such solution is not yet known.
Here is the video:
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