Yellowsn0w: iPhone 3G SIM Unlocking by the DevTeam

Couple of days after loosing its exclusive partnership with Apple, it is now the DevTeam that might give the last hit to such exclusive partnership for Orange, as well as O2 and AT&T:

Yellowsn0w would be the software based solution to quickly and safely SIM-unlock the iPhone 3G according to a video released by the DevTeam: SIM-unlock in 5 minutes without rebooting!
Yellowsn0w should be integrated into QuickPwn or made available directly for jailbreak iPhones via Cydia in 2009. However, it is unclear if the procedure will work for iPhone updated to Firmware 2.2: "This unlock method is available to iPhone 3Gs that have 2.11.07 baseband or earlier, we did warn you."
So we will know more in about 10 days.