Sorry AT&T, but your monopoly on the iPhone is over. A few days ago, iPhoneSimFree.com successfully created an unlock software solution, allowing those outside the United States to finally own a fully-functional iPhone. The unlock process is fairly simple and only takes several minutes. As soon as you put the non-AT&T SIM card on the iPhone, you go through the usual activation process if you have the right tools (e.g. iASign). Everything works the same, save for Visual Voicemail, and an extra option appears if where you can select your preferred network if you don’t want to use roaming.

This method is restore-proof but is not necessarily upgrade-resistant. Meaning, should Apple come up with a new upgrade that will nullify the SIM unlock, the software may not work anymore. So far Apple hasn’t said anything about what they intend to do with this new development.

iPhoneSimFree intends to release the software within the next 48-72 hours, so watch out for it! I wonder if they’re going to get the $100,000 promised by FreeiPhoneForMoney.

[via engadget]