the Dev Team has done a great job and created a Circumvention to unlock the bootloader last night , and some files which provides root (s-ON though)
There's some youtube / websites that have the directions it's not for the feint of heart, those may want to wait a week of so till a more automated way comes.
This DOES do bad things for warranty etc as you know (though I returned my tbolt without any issues once ;-)
I've completed the process and now installed Titanium Backup and some others I like. I'm sure over time the s-OFF will be found and distributed.
One note: I did this now, early because the unlocking bootloader resets you phone.. so all that setup, screen and apps Kapooot..
I can now start customizing for the long term.