Ruh-roh. Verizon’s new Mobilehotspot software just got new competition in the form of homebrew app myTether. The developer has released a Verizon compatible version that effectively does the same thing as the Mobilehotspot app, but without the monthly fees. Of course, myTether will set you back $14.95, but that’s a small price to pay when compared to the monthly hotspot fee of $40 for a 5GB plan.
We should caution you that if Verizon happens to see activity on your account that indicates you might be using something other than a Palm Pre Plus smartphone, you could subject yourself to contract termination or overage charges. With that disclaimer out of the way, we’ve never seen this happen to folks who were using PDANet.