07-06-2006, 09:05 PM
Join Date: Aug 2004
Location: Somewhere in the swamps of Jersey
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There are no benefits to unlocking a phone unless you want to use another carrier's SIM card in it. It does not "unlock" any new features, themes, ringtones or applications. It allows you to use another carrier's SIM card.
Since Verizon doesn't use SIM cards, unlocking it COULD allow you to use it on another CDMA carrier, like Sprint, but it's not as easy.