We’re not sure how this one got past Apple’s App Store censors, but the clever kids at Nullriver have released what appears to be the first tethering solution for the iPhone. The $10 NetShare app is just a SOCKS proxy that links an ad-hoc WiFi network to the iPhone’s 3G or EDGE connection — and if we could get it to work, we’d probably think it was a fine, if hacky, solution to a major limitation of Steve’s baby. As it stands, though, the instructions are pretty sparse, and while we can get the app to recognize a connection, we’re not able to actually load anything. We’re not sure how long this one’s going to last — anyone else willing to give it a shot before it gets yanked?

As an iPhone owner, I noticed the above story over at Engadget while at work yesterday. I just put it in the back of my mind as something I’d do a little later in the day, spend the $10 bucks on the Nullriver app that allows my iPhone 3G to do something I’ve been wanting to since I’ve had the thing… connect to it wirelessly via my Nokia N810 or laptop while mobile.

That is until Apple, who had previously allowed and authorized the useful app into their coveted App Store, adding a functionality that’s on most smartphones worth more than 2 cents, as well as jailbroken iPhones as well. For free.

So at the end of the day, what happens? Apple pulls the app. Now who do the geeks with an iPhone that’s honestly lacking a few areas of functionality that other users have had for years get mad at? AT&T or Apple?

Can’t say that I’m surprised though.

Update: It’s back in the Apple App Store. I couldn’t even begin to tell you what’s going on with this; but if you really wanted it, go get it now before they change their mind… again.

Update: And it’s gone again.