The wait is almost over. Straight from the dev-team’s mouth, the iPhone 3G has been successfully unlocked through SOFTWARE, just like the original iPhone. The updated unlocking tools are set to hit the net new year’s eve. Maybe your new year’s resolution will be to try every cellular network you possibly can with your iPhone. Here’s a bit from the dev-team about the unlock:

• The target release date for the unlock is New Year’s Eve 2008.
• This unlock method is available to iPhone 3Gs that have 2.11.07 baseband or earlier, we did warn you.
• You can tell what version baseband you have by going to Settings->General->About->Modem Firmware
• The unlock requires a jailbroken 3G iPhone.  It’ll be installable via Cydia and so it doesn’t matter if you have a Mac or PC.
• Please refrain from updating your baseband, regardless of what version you’re at.  We’ll have complete directions on New Year’s Eve.
• We’ll stream a live demo of the unlock before Christmas (see the update at the end of this post)