Yes folks, this is the real deal. Remember that shady website that claimed would release a fully software based iPhone unlock solution within 48 hours? Well...they did. So far I have already received reports from users claiming to have iPhones unlocked and functioning on T-Mobile, Rogers, Vodaphone, and Orange networks.
Engadget has posted a fantastic tutorial detailing the process involved to make the unlock magic happen. It's really straight forward and quite simple. However, I don't have a second iPhone to act as guinea pig, so I won't be putting this unlock solution to the test. Feel free to send me your success stories, or mishaps.
By the way, if anyone out there can confirm their unlocked iPhone works with Centennial Wireless I would much appreciate it. I have a couple friends on that network who are just dying to get iPhones.