There are lots of applications inside Apple’s App Store but none of them can do tethering. And we all want that. We’d like that and copy paste thank you! The last official then unofficial then official then canceled for good application which did some tethering for you was NetShare. Now there’s a new app in town called iPhone Modem. Sure you will have to jailbreak your freshly installed firmware 2.1 but since the iPhone Dev Team has already managed to crack it, what do you have to loose?

Via mobilewhack