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Getting a shiny new iPhone or iPod Touch this Christmas?

When he was 17, George Hotz poured hundreds of hours of his summer vacation into a special project: learning the iPhone's secrets. His unpaid labor eventually paid off. With the help of a soldering iron, he was the first to unlock the iPhone, delivering the handset to international networks before Apple had a chance to.

Nothing in this world is perfect, and the Apple iPhone is no exception. Lines that extend for who knows how long inundated AT&T and Apple stores the day the latest model came out, but bottom line is that users have mixed reactions regarding the device itself.

The unofficial iPhone Dev Team team has released PwnageTool 3.1.4, an update to its Mac hacking utility for iPhones and iPods.

We've seen all sorts of weird news regarding Apple's iPhone over the years, but you have to admit this latest bit of news does seem a little out of whack.

New screenshots of the iPhone OS 3.0 firmware suggest that Apple will be adding a feature called "Find My iPhone." This will allow MobileMe users to see the location of their iPhones, something that could come in quite handy if an iPhone is lost or stolen.

Sio the iPhone has found yet another new use: now it has been turned into a mobile credit card processing device, thanks to a new application called ProcessAway. The software is made for an Apple iPhone or iPod Touch and works over any available network connection. Transactions can be processed at places such as conventions, street fairs, antique shows, and by business owners performing mobile detailing, on-site consultation or construction.

THE iPhone is now the official mobile for vainglorious iDiots. Last year owners of the Apple phone could buy a screen saver of a glowing red gem that did little more than signal the owner's addiction to bling.