A lot of videos have been floating around the 'net about people finally cracking the mystery surrounding the iPhone code, making it work with any sim card inserted into it. However, unlike most anonymous videos regarding the subject, geohot and his group have found a full hardware unlock for the iPhone and made a careful documentary of it in a video on YouTube and on his site.

Geohot has even gone as far as detailing the steps on how to unlock it on his blog, with the standard disclaimer that doing so may inadvertently brick you phone, so do so at your own risk. Even now they are working on a software unlock for the iPhone as well, telling everyone to stay tuned at their site when more updates arrive.

The "legendary" unlocked iPhone was even put on sale at eBay at a starting bid of US $540. So far it has received up to 10 bids and has risen to US $1,575 as of today. The items in the eBay auction bid include: the phone, the serial dock accompanying it, as well as the official unlock switch depicted from the blog.

While this sort of practice may not exactly be something that Apple may approve, it just goes to show that no matter how fool-proof the technology claims itself to be, the industry itself is an ever changing and ever evolving process that people will continually surpass and even improve it when applied properly.

Hats off to Xerox for this tip!