Ultrasn0w released: Please see the guide for unlocking procedure.
iPhone and iPod touch users will soon be able to unlock and jailbreak firmware 3.0 with Ultrasnow(or Ultrasn0w as dev team call it). Ultrasnow is the new unlocking tool and is the successor of Yellowsnow (or Yellowsn0w) which allows iPhone 3G users to unlock and jailbreak their devices.
Ultrasnow will be released this friday and will be available for general release. Meanwhile, users can download iPhone or iPod touch 3.0 firmware using direct download links as posted on our website.
Watch out this space for a step by step tutorial to unlock and jailbreak iPhone 3.0 as it comes out.