We reported a bad news for the iPhone 4 users yesterday that Geohot has stopped the iPhone 4 unlock process. But now here is something for them to cheer up! The iPhone 4 has been jailbroken and unlocked by Dev Team. Planetbeing have successfully unlocked the iPhone 4!
Here is the image posted by Planetbeing of an iPhone 4 running on Bell carrier.
But the jailbreak and unlock tool for iPhone 4 will not be released till an update for the iOS 4 firmware is released by apple which is expected to arrive within a few weeks. The new update is going to be released soon mainly to fix the antenna reception problem of the iPhone 4.
Here is the video on iPhone 4 carrier unlock.