I find it funny that a kid cracked the iPhone. You would figure it would be cracked by some genius professor from MIT or something, but no. He's a 17 year old kid from New Jersey.
I'm not really supporting this illegal activity, but kinda makes Apple and AT&T look stupid. Still, if one company gets hurt from this it's definitely AT&T, which loses business. People will still buy the iPhone, but now they don't have to switch carriers.
It should be interesting watching this develop.