There’s pandemonium in the streets! The iPhone has been unlocked and it won’t cost you a cent!
Well that is what Gizmodo is reporting.  

The free software iPhone unlock —the only one that counts— has been finally achieved and it has been independently tested. Everyone can now unlock their iPhones for free. The names of the rebel heroes from the iPhone Dev Team are (in alphabetical order): Daeken, Darkmen, guest184, gray, iZsh, pytey, roxfan, Sam, uns, Zappaz, Zf, plus Nightwatch for his iPhone toolchain. So no, the unlock was not achieved by GeoHot, who actually has no unlock.

Head on over to Gizmodo to get all the details. I have already downloaded the software but have not attempted to unlock my phone yet. I’ll wait until the pro’s test it an provide step by step instuctions.