Cupertino will be none too happy to hear the news but Cydia creator Jay Freeman is looking to turn Cydia into an all-out application store. Cydia, for those unaware, is one of two hubs iPhone and iPod Touch owners use to obtain unauthorized apps on jailbroken handsets. Think of it as a cross between the App Store and the Linux repository system. Currently, the overwhelming majority of apps that can be obtained via Cydia are free but there are some paid options. Payments mechanisms used however, are at the discretion of the developer. Freeman is looking to change all that by implementing a centralized payment system and offering developers an equal or better revenue split in comparison to Apple’s App Store. With a lawyer in tow, Freeman appears to welcome a response from Apple though when real money gets involved you can bank on the fact that Apple will begin to take jailbreaking much, MUCH more seriously. Beyond any legal action the company will inevitably take, expect anti-jailbreaking measures from Apple’s software developers to kick into overdrive. Forget all that though — the most important question of course, is what will Freeman name his new shop? Let’s see… Store, World and Market are all taken; Our vote is for App Shack.