That's right, GEORGE HOTZ and his team (gray, iProof, geohot, dinopio, lazyc0der, and an anonymous contributor) have unlocked the iPhone! 

Full instructions are available at the blogspots: http://iphonejtag.blogspot.com/. This unlocking requires hardware changes, however, it is still amazing work!!! The phone is for sale, in case you are interested.

Although all the hardware can be removed after the unlock, a full software unlock method is still the next goal. Of course, we see that somehow right around the corner!