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Root Doing the HTC Unlock resets your phone?

They reset the phone as a security feature for you, the phone owner.
This would prevent a theif from taking your phone, unlocking it, and then peering into your personal stuff.

Now, once unlocked, a theif can easily still do all this I suppose...so it doesn't really do anything other than absolve them from liability of a theif using the HTC unlock to gain access to your personal info.
 
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