Well folks you were expecting it to be coming right? Now based on some tweets by an important member of the iPhone Dev Team and the jailbreaking community @MuscleNerd an unlock for the basebands 3.10.01 and 2.10.04 should be becoming near you very soon to unlock the iPhone 4. Unlock for the iPhone 3G/3GS will also be possible but for now iPhone 4 seems to be the priority. Apparently they are also working on the 04.10.01 baseband unlock for the iOS 4.3 b3. @MuscleNerd has already made it clear that any unlock will only come after the release of the iOS 4.3. But then it seems the time for the new unlock tool is not that far!
Here are the actual tweets from the JB master:
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