It looks like we will be able to legally unlock and jailbreak our devices according to library of congress! Check out the entire Press Release after the break!
Computer programs that enable wireless telephone handsets to execute software applications, where circumvention is accomplished for the sole purpose of enabling interoperability of such applications, when they have been lawfully obtained, with computer programs on the telephone handset.
Dev-Team members "MuscleNerd" and "PlanetBeing" (you know, that guy who ported over Android to the iPhone) has finally found a way to soft unlock the iPhone 4 / iOS4. Dont get your hopes up tho. They wont release the jailbreak tool until Apple releases the new firmware update for iOS4. So ill guess that we need to wait a month or so before we can soft unlock the iPhone 4 / iOS4.