Not a ton of details yet but should be released tomorrow 8/10.
Thanks to theillustratedlife over at
XDA for the details.
ozzeh is teasing for an exploit that removes security on the shipping SPL, allowing you to flash unsigned images. It is expected to release tomorrow.
Note this was posted at 2:33 am today.=D>
Edit for those too lazy to click on the links above.
From ozzeh
This release will remove the security from the bootloader of your HTC Incredible or HTC EVO 4G. This allows you complete access to your phone.
You now have the ability to flash and update every part of your phone, while also acting as a permanent nand unlock. (Root explorer will work again!)
Example: Modifying the stock "HTC Incredible" bootsplash
EDIT: Forgot the biggest plus to doing this, after installing any legit OTA, you have the ability to flash your choice of recovery back onto the device and reroot your phone. Your device is truly now "yours" forever.