12 hours ago the Dev-Team announced that the use of the 24Kpwn exploit, that was originally made for iPod Touch 2G, can in fact be used on the iPhone 3GS! This is great news for anyone who can’t wait to jailbreak/unlock their iPhone 3GS!
What does this mean? Well all in all it means that the current redsn0w tool used for the iPod Touch 2G can also be modified slightly to be used for the 3GS.
The Dev-Team also stated that ultrasn0w will be useable on the iPhone 3GS without any modification whatsoever so as soon as it becomes jailbroken, consider it unlocked!