At the end of this week, Apple promises an update for iPhones that includes a wireless iTunes store. And surprise, surprise, the update could result in “irreparable damage” to anyone who has unlocked their iPhone. Who didn’t know this was coming?

The company issued a statement earlier this week warning against hacking your $599 $399 phone to get it to work with other cell phone companies, play SuperMario and more. The statement goes on to say that if you mess with your phone, any damage is not Apple’s fault and the warranty is void. According to this article, the hackers are vowing to persist hacking the phones.

What do you think, is Apple just trying to scare folks away from unlocking phones? Why? Will you hack your iPhone? Why?

What a day!

Last week I went to the online Apple store and registered for my $100 rebate for buying the iPhone before the $200 price cut. (More details on the rebate HERE.)

And, I immediately traded the $100 Apple store credit for a Product RED Shuffle. Check out that I got it personalized, for free, with “Sonya iGirl Smith” on the back.

I checked in with Editor Benjamin Etzioni who I work with – and who bought an iPhone at the same store and on the same day as I. He said that he’s planning to sell his Apple store credit taking the highest bidder. He said he won’t accept below $90. Also, he’s only selling it because he found out that the rebates can’t be used in iTunes (what?!?).

Anyone else out there have plans for using their iPhone rebates?

… is designed to get more clicks for Local.com:

The Web search engine company today announced an iPhone giveaway for its Local Mobile service.

Local Mobile is a version of Local.com designed for wireless phones or mobile device users, much like services created by Google, Mapquest, TIME magazine and other Web sites.

Jennifer Black, Local.com’s vice president of marketing, said on a phone interview today that the iPhone was picked for the promotion because it is “the hottest new device.”

And, if you’re wondering when the company bought the iPhones, yes they paid the pre-price reduction price of $599. The company plans to use Apple’s $100 rebates to buy iPods personalized with the company’s logo for Christmas presents for vendors.

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Searching around through iPhone applications, I found this mortgage calculator called iPay.

Perhaps this is reason enough for our real estate-blogger Jon Lansner to buy an iPhone. It’s simple, works well on the phone and offers a good service. Me, well I’m not even close to buying a home so I’ll have to wait on this app.

Have a favorite iPhone application out there? Send it on in!

Apple announced this morning that the one millionth iPhone was sold yesterday – 74 days after it started selling on June 29.

“One million iPhones in 74 days-it took almost two years to achieve this milestone with iPod,” said Steve Jobs, Apple’s CEO. “We can’t wait to get this revolutionary product into the hands of even more customers this holiday season.”

Now Apple still has a lot of work to do to reach its goal of 1 percent market share (10 million units) in 2008. Share in comments if you think Apple will reach that number.

This milestone comes a few days after Apple announced a $200 price drop for the iPhone. At the same time, after iPhone early buyers called foul, Apple announced a $100 rebate for those who bought the device before the price drop.