Its confirmed. And official. Bowing to the ransom of understocked Turbo, Stealth and other similar SIM emulating hardware hacks is a thing of the past. Thanks to George Hotz, the iPhone firmware 1.1.2 and 1.1.3 can now be hacked and unlocked out-of-the-box (OTB). We say "hacked" and "unlocked" to indicate that the iPhone can both be Jailbroken and SIM unlocked.
This hack can also be applied by owners of the earlier generation of iPhones that shipped with firmware 1.0.2 and 1.1.1. Its long and tedious but rewarding.
In essence, most of the process involves breaking the iPhone down to earlier firmware versions, e.g. 1.0.2 of 1.1.1 and upgrading back up to 1.1.2 and 1.1.3 consecutively again. Be prepared to set aside a few hours of your life if you are looking to perform this hack. The exact time consumed is directly commensurate to the level of experience you have with hacking and unlocking iPhones.
Ok, now lets get back to making those Springboard icons... jiggle...
"George,... you da man!!" Many thanks on behalf of all iPhone owners alike..."