Last month the Dev Team released an update to their UltraSn0w tool which allowed to unlock the iPhone 3G and 3GS loaded with the latest iOS 4.2.1. The iPhone 4 was left out of the equation and unless you’re still on baseband 01.59.00, you can’t unlock this device yet.

Today, some good news was uncovered about an unlock for the iPhone 4 iOS 4.2.1 baseband 02.10.04 in a tweet sent out by Sherif Hashim. The iPhone hacker confirmed that an unlock for 02.10.04 will be available, most likely before January 16th…

For those of you who don’t speak Arabic, here is the translation of the tweet sent to Sherif Hashim:

I’m going to perform my military service by January 16, will I get the unlock before this date? 😀

To which Sherif Hashim replied:

sure 🙂

A few weeks ago, words were going around about a possible baseband downgrade that would make the unlocking process easier and less risky, but we don’t know yet if this is going to work the the iPhone 4 as well.

As usual, time only will tell, but I”m pretty confident that not only we’ll get an untethered jailbreak for Christmas, we might also get an unlock for the iPhone 4.