In case anyone hasn't been following the relevant Twitter accounts, MuscleNerd seems to be confirming an exploitable crash discovered by sherif_hashim in the new 05.12.01 baseband. The Dev Team has the exploit, and whether they choose to release an updated ultrasn0w now or wait for 4.0 is entirely up to them (I suspect the latter). But today's a good day, whatever they decide.
From MuscleNerd's Twitter:
Update from the Dev-Team Blog 02/11/2010:
From MuscleNerd's Twitter:
@sherif_hashim yep that's a very nice find you made...congrats!
about 7 hours ago from web in reply to sherif_hashim
Update from the Dev-Team Blog 02/11/2010:
Those following twitter may have seen some recent very early developments in the 05.12 unlock situation. One of our more helpful commenters sherif_hashim...found what looks like a very promising crash in the new baseband. Hes put in a lot of work looking for crashes over this past year, and hes still looking for more! Weve started to look at his crash but its a long road between any given crash and a fully working unlock, and we couldnt put an ETA on it even if we wanted to. Its not even guaranteed that an working unlock will come from this particular crash its just too early to tell.