please don't virtually attack me if it sounds stupid but what about grinding the seatpost one off?
or if you have a a buddy who has and is skilled with a welder weld a bar onto the belt and unscrew it that way, done several times with success myself
Cheers Ed
This works, but would wreck everything within 6 inches, as the heat is enormous.
Use a Dremmel, as has been said, to cut a slot for a straight screw-driver. However, soak the bolt first for 24 hours with a few drops of brake fluid. This soaks in and loosens the threads. If there is no paint nearby, you could use a hot air gun (paint stripper) on the bolt: the expansion and contraction is sometimes enough to free it up, but it can cause collateral damage. Be careful!
The other way is to use an epoxy (such as Araldite), and glue the allen key in place. Leave it for 48 hours, then you've got one go at undoing it!