I can't imagine there isn't some way you could smash the memory on an iPhone to disable the lockout (I mean, all you have to do is keep the counter from going down, this is just like cheating in a video game.) If you don't want to enter all the codes by hand you should be able to mess up the digitizer somehow.

If you were willing to sacrifice 10 or so phones this wouldn't be hard at all, you could pay $10,000 to a few different e-lancers, one of them would succeed...