In yet another twist involving Verizon’s version of the Samsung Galaxy S III, contrary to our earlier report, Verizon will not provide a software update to unlock the encrypted bootloader. Several users obtained information from Verizon and Samsung customer service reps indicating the Galaxy S III would be unlocked “soon.” The misunderstanding appears to stem from information regarding an update from Verizon to unlock GSM roaming on the S III, not an update to unlock the bootloader.
For now, users interested in a Verizon Galaxy S III are back to looking at the Developer Edition to be made available through Samsung if they want to avoid the locked bootloader. The other option is to wait to see whether the bootloader bounty produces any results.
source: Droid Life