Amidst the frenzy to unlock the iPhone to run on networks other that AT&T, lone hacker "Nightwatch" has been working away to run third party applications on the device. He has sucessfully assembled and compiled an iPhone binary (ready to run application) which, in true programming tradition, simply displays the words "Hello World". The whole "ARM/Mach-O Toolchain" is built using free and open source software. This is big, folks. While unlocking the iPhone might never happen, this hack means that full, third party applications can be written for the Jesus Device, not just the janky web based ones.
From the Wiki:
Wiki page [iPhoneDev via iPhone Unlocked]
Scott Gilbertson over at sister blog Compiler is also on the iPhone Hello World story.





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