I don't really think that there will be an iPhone police LOL, everybody is free to do whatever they want with their iphone and also it's perfectly legal from any standpoint. Also I've unlocked plenty of iphones from home for some friends (actually made some $ in the process) and I must tell you that nobody told me anything.. For the people that want to know how they can easily unlock their iPhone, i Used some guides from jaxov.com and also iphone unlocker pro (they have a really nice guide on unlocking: http://iphone-unlocker-pro.com. Happy unlocking folks!
Your property rights are only what your government says they are--your sense of fairness isn't law. Right now, the U.S. government says you can't unlock a subsidized phone without permission from the carrier. I don't know if anyone will end up actually enforcing it, but they have the option to do so if they wish. It's a small but notable risk if you unlock an iPhone purchased after the window expired back in January.