iPhone 3G Unlock Confirmed For Christmas Eve!
"We have been working hard on a few other things. The main one being the 3G unlock codenamed “yellowsn0w”. This is now completed and is currently being packaged into a user-friendly application with the simplicity that you see in QuickPwn or BootNeuter.
* The target release date for the unlock is New Year’s Eve 2008.
* This unlock method is available to iPhone 3Gs that have 2.11.07 baseband or earlier, we did warn you.
* The unlock requires a jailbroken 3G iPhone"
For those of you that have updated through iTunes to Firmware 2.2 and have the 2.28 baseband you will not be able to use this initial release to unlock your phone. There is no way to downgrade your baseband at this time.