If you’re one of those people who brought the new iPhone when the first unlock hacks came out and were then silly enough to upgrade to the 1.1.1 firmware, bricking your newly unlocked toy, you are in luck again. iPhoneSIMFree, the people who brought you the original GUI iPhone SIM unlock, have done it again. It is now possible to unlock your 1.1.1 iPhone, but for how long no one knows.
For more info, hax0r your way over to the Gizmodo Blog, or the iPhoneSIMFree Webpage.