The iPhone 4 jailbreak may have been finished a few days ago, but unlocking the device has taken a bit longer thanks to the new baseband OS used in the iPhone 4. The unlocking software used, ultrasn0w, had to be completely rewritten thanks to the new baseband OS, but the iPhone Dev Team has achieved the unlock. The bad news? The unlock, just like the jailbreak, hasn't been released just yet. We'll most likely have to wait until Apple releases the next iOS software update before we'll see the jailbreak and unlock, which is understandable since we wouldn't want Apple to close any holes right after they're made public. See one more shot of the unlock below, this time of the unlocked iPhone 4 running Cydia.
As with all new iOS releases, the jailbreak and unlock community has managed to hack Apple's software to run unauthorized software. This is good news for those iDevice owners who like to hack their unit to customize it a little more than Apple allows. Now we just sit and wait for Apple to release their software update, which should happen sometime soon considering it is said address some of the reception issues that people have been having with the iPhone 4. Anyone want to take bets on just how soon that update will come?