George Hotz, a freshman at the Rochester Institute of Technology, spent his summer unlocking the iPhone. His success has landed him international press coverage, a consulting job, and a car [Indy Star].

Hotz has detailed his 10 steps in unlocking the iPhone over at his blog.

But, note: An unlocked iPhone will only work with GSM-enabled carriers –such as T-mobile. And attempting to unlock your own iPhone is… probably still a bit too risky.