Great news folks. The iPhone Dev Team is about to release an update to their famous unlock tool which will work with iPhone 4 baseband 0.1.59.00 and iPhone 3gS and iPhone 3G basebands 04.26.08, 05.11.07, 05.12.01 and 05.13.04. Just make sure you don’t update to iOS 4.1 beta build because it might mean that you’ll stay locked out for a long time to come until a new vulnerability is found in the updated baseband. 
As usual, ultrasn0w will be available via Cydia. As soon as it is released, expect an update from us. Stay tuned!
Jailbreak iPhone 4/iPhone 3GS/iPhone 3G/iPad/iPad 3G/iPod Touch 2G/iPod Touch 3G with JailbreakMe 2.0 Star. Make sure you also install PDF Loading Warner afterwards form Cydia, to keep your iDevice secure.
[hattip mobile-geeks]
Is it just me, or is this site thinking “less differently” these days and “more about Apple” all the time.
Depressing.