Hack Turns iPhone Into Laptop Wireless Access Point
Jul 25th, 2007 | By James Lewin | Category: iPhoneiPhone hackers are buzy trying to free up some of the capabilities of the iPhone. One of the most interesting projects developed so far is srelay, a SOCKS proxy server.  
srelay running on your iPhone turns it into a gateway that you can use to connect your laptop to the Internet using the iPhone’s EDGE connection.
The hack is for only for the brave, for now.