In the wee hours this morning, our beloved iPhone Dev-Team crew posted a video on their blog showing off the world's first unlocked iPhone 3GS using their unlocking tool, ultrasn0w. Before you get too excited and go searching for a download link, don't bother just yet because it's not out, although from the looks of things, we can't be too far off.
The Dev-Team also took the time to remind everyone that if you want the ability to jailbreak your device as well as unlock it, do NOT upgrade to the impending release of iPhone OS 3.1 which is currently being tested by iPhone developers.
You can check out the Dev-Team's blog post and video here.
