Congratulations to all iPhone users.
@i_Enthusiast the jailbreak shown is a more of a stepping stone for us, it can’t be released because it includes some of apples software
You should not expect the carrier unlock soon too. This is because iPhone 4 uses a new baseband OS, which will require a complete rewrite for ultrasn0w unlocking tool:
The DevTeam and others have been checking through the iPhone 4, and have noticed the baseband runs a completely different OS than on previous models. The iPhone 3G and 3G[S] both ran Nucleus OS on the PMB8878 baseband CPU (aka XGold 608), where the iPhone 2G ran the PMB8876 (aka S-Gold 2). iPhone 4 uses the PMB9800, or X-Gold 618 – running a separate OS – ThreadX, an RTOS by ExpressLogic.