The iPhone Dev Team updated their blog to let all of you jailbreak crazed iPhone owners that you can safely update to the latest software, OS 3.0.1. It is a fairly straight forward procedure with one little twist.
blockquote>You can re-use redsn0w v0.8 we released a few weeks ago to jailbreak today’s 3.0.1 update. Just let iTunes update or restore you to official 3.0.1 then run redsn0w. The only “trick” is that when redsn0w asks you to identify the IPSW used, point it at the 3.0 IPSW instead of the 3.0.1 one. After the jailbreak, reinstall ultrasn0w 0.9 if you need the unlock.
Sadly, George Hotz said you can forget using purplesn0w as it will not work. You may be wondering why not? The answer is he doesn't know.
And for those of you curious as to whether or not ultrasn0w is still capable of unlocking a 3.0.1 device, yes it does. The 3.0.1 software update does not change your baseband so you are good to go.
If you've tried the Dev Teams process how did it go? Let us know in the comments!