There is still no new development on the hacking of the new bootloader (version 4.6). George Hotz (aka geohot) had posted his findings of the core code. While the analysis does not give any insight as when an actual exploit will be feasible, it does outline what Apple (and its vendor) had done to tighten up the security.
There are some attempts to unlock the iPhones via hardware hackery, albeit successful, it's not for the average person to open the phone up to short out the testpoints and perform the unlock via command lines.
And the wait continues...
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