The BlackSn0w unlock will be released November 4th, 2009 and will work with the latest iPhone baseband (05.11.07).
In a post on his blog Geohot writes,
First off, Jody Sanders, I am declining your $10,000. Why? Because you, and the rest of the iPhone unlock sites out there are scum. You make money selling freeware; that's not cool, and I am in no way going to legitimize it.
Seriously, the people who really lose here are the customers. These sites are full of blatant lies, claiming to have unlocks for 05.11.07 People buy them, and are told the unlock is in development, and the release date is unknown. Imagine you bought a cup of coffee and were told it's in development? Recently, many of these sites sent out e-mails saying they made major breakthroughs and the unlock will be ready 11/04/09. Coincidence that that's the release date of blacksn0w?
Geohot implores users to get the truth out. The iPhone unlock is free. "Let's shut all these assholes down"
As usual we will keep updating you as news becomes available.