If you have been living under a rock for the past few months, you might not have heard all the talk about unlocking iPhone 3G. Well the time is officially here, the iPhone Dev Team has released the latest software unlock for iPhone 3G!!! It is only available on a Jailbroken iPhone 3G via the Cydia Installer and is to be used on the latest firmware with the newest baseband!

Dev Team update from their blog:

The unlock about to be released works exclusively with baseband 02.28.00. This baseband is provided by the latest firmware update (2.2) from Apple. You’ll need to upgrade to this release using iTunes and then use QuickPwn to activate etc. [...] Because it works on 02.28.00, it is available to everyone on the planet. This means we don’t need to unnecessarily expose holes in earlier basebands, which is an important concern.

So who will be the first to give this a try? If you do, be sure to comment and let us know how it goes!