“ It seems that the iPhone Dev-Team has finally done the impossible — they’ve gone and unlocked the iPhone 3G. The hack isn’t out yet (the team says they’re shooting for a December 31st release), and it requires that you’ve got a baseband of 2.11.07 or earlier. The team is packaging the app — formerly codenamed “yellowsn0w” — into a user-friendly app a la PwnageTool and QuickPwn.”
