It seems the famous iPhone hacker can now finish his "How I Spent My Summer Vacation" essay.

George Hotz, the New Jersey teenager who was the first person to completely unlock the iPhone and allow it to be used on T-Mobile and foreign cellular networks in addition to AT&T, cashed in on his work, according to the Cell Blog.

His bounty? Three regular (locked) iPhones and a Nissan 350Z sports car. He plans to give the three phones to his "accomplices" as well as the first person who contributes to his project via Paypal.

He's keeping the car for himself--it's just the thing to head off to college with.

Iphone hacker gets a car [Wirelessinfo.com]