Great news for iPhone unlockers! It seems like Sherif Hashim has managed to crash the new 05.14.02 and 2.10.04 baseband which can ultimately lead to an unlock for iOS 4.1 and iOS 4.2 for both iPhone 3GS and iPhone 4 users.
hmm.., 95% of the tweets i get (at least the last 500) are either about 5.14 or 2.10
since nearly all my received tweets ask about both BB, I can report very early "initial" 1st step success on both sides, calmed down?
this won’t be feasible before the official 4.2 release at the earliest if everything went fine
But yes, don’t expect them to release it anytime before Apple releases iOS 4.2 to public. If you are an iPhone 4 user, you can either use TinyUmbrella to update to iOS 4.1 without the updated baseband (instructions here), or wait for the new PwnageTool which will help you cook custom firmware files for iOS 4.1 without the upgraded baseband.
We will have more on it as soon as we get more information on this. Stay tuned for that!