Apparently the first 100% unlocked Apple iPhones are offered in electronics stores in Hong Kong. The price-tag is still off the map with 16,800 Yuan (~$2,000).
Chinese phone site Phone Daily (via AkihabaraNews) has tested the unlocked iPhone and it seem to work fine. They published photos and a video of the unlocked iPhone in action. The shops would not say how the unlocked the iPhone, but it supposed to be based on the Turbo SIM hack discussed at Hackint0sh.
It looks like it is time for Apple to hit back.