Boys and girls, as the iPhone Dev Teams and Chronic are to busy to develop the iOS4.1 jailbreak, hacker Clayton discovered an exploit for 05.14.02 baseband iPhone 3GS which may lead to unlocking the device.
The process is running a certain command to the baseband which causes it to stop working.
This process though is yet to be confirmed by iPhone Dev Team. There is potential for this exploit but they have still have a lot of IFs and BUTs. So while we are waiting for these geniuses discover and develop new things for iPhone we have to sit back and relax. No pressure guys!
Here's the video of the exploit
Source: Redmondpie
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