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Unlock for iPhone 3G/3GS users on baseband 05.11.07 was impossible until now but as promised, Geohot has released Blacksn0w that unlocks iPhones running on OS v3.1.2 with the new baseband. The new unlock comes with hacktivation support, 15 second faster than previous solutions, tethering and easier than ever.
For new users:
- Go to blackra1n.com
- Download [...]

 
Mac users waiting for the jailbreak solution can quickly head to the iPhone Dev blog to download the latest version of PwnageTool. The PwnageTool 3.1.4 for Mac OS X jailbreaks iPhone 2G/3G/3GS and iPod Touch 1G/2G running OS v3.1.2 which can also unlock by installing ultrasn0w via Cydia.
iPhone Dev Blog

 
Oh iPhone 3GS unlockers, you really are spoilt for choices now. If you thought the iPhone Dev team were Gods in this scene, GeoHot too has come to the party to attain the same tag with his Purplesn0w unlock tool. Even though it’s a soft unlock, GeoHot claims it as good as a true unlock [...]

 
The iPhone Dev team has updated its jailbreaking and unlocking solutions to v0.8 that integrates iPhone 3GS jailbreaking and unlocking support. Download the redsn0w for Windows, Linux or Mac from the link below and then install Ultrasn0w 0.8 from Cydia. Though we’re not sure, the ultrasn0w unlock should work with purplera1n jailbroken devices since it [...]

 
UPDATE: an iPhone 3GS jailbreak tool ‘Purplera1n’ has been released.
The iPhone Dev Team has done it again. Check out the video showing the iPhone 3GS succumbing to Ultrasn0w and working flawlessly over another network (T-Mobile in this case). The Ultrasn0w tool uses at+xlog vulnerability to inject the unlocking payload, which actually works like the iPhone [...]

 
Yes, fellas they did it. After confirming the exploit a couple of days back, they managed to jailbreak the device. However, don’t get your hopes high to get this solution anytime soon because they are holding it back to keep Apple off the exploit that could enable them to patch and close the jailbreak exploit [...]

 
Well, you still don’t get the promised ultrasn0w tool yet but the iPhone Dev team has gone ahead and released redsn0w that jailbreaks all the iPhone and iPod Touch devices except iPhone 3G S and even unlocks the first-gen iPhone. The jailbreaking tool is available for Mac OS X via Pwnage Tool and Quickpwn, which [...]

 
The iPhone Dev team has yet again proved their unlimited talent to pwn Apple. They have managed to unlock the iPhone 3G running on OS 3.0 and to Apple’s dismay, record it on video. The new tool is known as ultrasn0w, due for a release on Friday and works on the new baseband which yellosn0w [...]

 
As I am writing this, iPhone-Dev team must be on its way to release it. Confirmed by a post on their blog, they are about to release the iPhone 3G unlock software. Agreed, they are a bit late but we are not complaining.
Head over to their blog and keep hitting the F5 key until [...]

 
With significant development shown from iPhone Dev’s side, I was just wondering when would they release the actual tool. Well, it looks the time has come, or atleast nearer. iPhone-Dev has announced that they will release their software-based unlock solution codenamed YellowSn0w for iPhone 3G on New Year’s Eve and is currently being packed [...]

 
The iPhone Dev Team have released the 2.0.3 version of Pwnage Tool which can jailbreak iPhone/iPod Touch running firmware 2.0.2. The Pwnage Tool is only for Mac but if you’re a Windows user, a beta version of QuickPwn is also available for download. It has a better GUI and some bug fixes.
Dev Blog
Direct Download Links:
Pwnage [...]

 
As iPhone Dev Team officially announced Pwnage tool, expect more shortage of iPhone 3G as some people will buy for themselves to use it on another network while some will be making an extra dough by feeding the phones in the gray market. And yea, the tool is free.
Pwnage Tool