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With the release of blacksn0w originally expected to come today on November 4, George Hotz surprised everyone (including myself) when he released the unlocking tool a day early. In other words, blacksn0w is currently available for download and use, which should be very good news to anyone that had (on accident or purpose) an iPhone with the 05.11.07 baseband.

As to how to proceed, according to Geohot;

If you are a loyal blackra1n user who kept the blackra1n.app on your iPhone, run it. You will see Icy replaced by an option “ra1n”. Install this to upgrade your app. After upgrading, run blackra1n.app again. You will see “sn0w”. Install this, and enjoy your unlocked iPhone.

and

If you are new to the scene, just looking for an unlock, finally ready to upgrade to 3.1.2 and the accompanying baseband, willing to restore for the latest and greatest, or stuck on the “Connect to iTunes” screen, you are in luck. Jailbreaking and unlocking have never been easier. Go to blackra1n.com, click on the logo corresponding to your operating system, run the app, and click “make it ra1n”. When your phone reboots, you’ll see blackra1n.app. Run this, install blacksn0w, and enjoy your unlocked iPhone.

Finally, if you are already jailbroken and just want to perform the unlock. You can also launch Cydia, install blackra1n.com as a repo and then download and run blacksn0w.

And with that the cat and mouse game with Apple continues, and thankfully, at least for a little while it seems Apple is running second.

[blackra1n via On The iPhone]