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Root HTC EVO Source Code Released!

I read that thread and it got me excited, then I realized that I really don't fully understand what this means. Are we looking at the devs now being able to do all kinds of cool things with our EVO's?

Will this likely lead to:

1.Custom ROM's?
2.Froyo much earlier than the official release?
3.Camera and camcorder improvements?
4.Removal of the 30fps cap?
5.Other amazing improvements that I haven't thought of?
 
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