I'm interested in using this. Just a couple of questions though, firstly will this wipe the phone like the regular bootloader unlock N1 root method does? Second, once I've installed it and press root, will the phone just reboot and start up with root access or will it be rooted immediately without restarting? Thirdly once I'm rooted, does this behave exactly the same way as the bootloader unlock method, ie. flashing new recovery images and roms is handled exactly the same way?
If anyone's game enough it'd be good to see it in action on YouTube or something. I've always been pretty wary of rooting my phone for fear of screwing something up and bricking it.