Looks like the fun is finally over. Few hours back an App with the name of iTether was released in App Store after the Approval of Apple. The App simply allowed you to make personal hot spot and allowed you to do internet Tethering. The App was for sure not for free, it costed about $14.99 in the App Store. The App iTether simply allowed users to do internet tethering via USB on their PC/ MAC.
This App allowed users to by pass the monthly $20/month subscription plan provided by cellular networks. Till now no words have been said by Apple on the removal of this and this App was said to be all cleared by Apple and developers were questioned by Apple about the App. After the full question and answer, the App was published into iTunes.