The iPhone DEV-TEAM has done it again! yes… they’ve unlocked the iPhone 3G and their software will be released on new years eve 2009, the video clearly demonstrate how it magically unlocks the iPhone 3G firmware v2.2 without the use of any hardware unlock, the software is code named “Yellowstone” .

 Be on the lookout for the update from the DEV-Team’s website.

UPDATE: The Unlock is now OUT!!!  

RELEASE INFO

• Cydia source: http://apt9.yellowsn0w.com/
• Installer repo: http://i.yellowsn0w.com/

Source : iPhone DEV-TEAM