The iPhone Dev-Team has announced that an unlock package is on the way for the iPhone 3g.  Set for a release date of December 31, the unlock tool codenamed “yellowsn0w” is being adjusted to be user friendly such as familiar tools like QuickPwn.  Unfortunately, iPod Touch 2G owners will have to wait as the Dev-Team made it clear that they have not been focusing on the iPhone’s younger sibling and that you should stop bugging them.  Other than that, if you have an iPhone with a baseband version 2.11.07 or earlier, you can finally unlock your iPhone 3G just in time the the New Year.

You can read the official Dev-Team post here.