I don't understand it. If you wanted it that bad, why didn't you go the developer way. Gone through the list of those who will get it and I think yes, it would be enough to make some "gay crap".
If you can't do this, the phone could be useless for you.
I don't think it's wrong (nobody is hurt), but blacklisted IMEI is a point. And if Nokia wants the N950 back to killall Harmattan when the winphone is ready (and gives out 250 developer winphones) you'll have a very exclusive mp3 player.