Here is a quick little heads up for those of you who have been waiting for iPhone 4 unlock on 3.10.01 and 2.10.04 basebands. MuscleNerd of iPhone Dev-Team has confirmed now that no unlock will be released until iOS 4.3 / 4.2.5 (whichever is last) is public.

Official iPhone unlock statement: no unlock will be released until after 4.2.5 or official 4.3 (whichever is last) is out

Also, now that we will have two variations of iPhone 4, that is CDMA and GSM, with completely different baseband OS, it will be interesting to see if the Dev-Team will take the challenge of unlocking the CDMA-based iPhone 4 on Verizon so that we can make it work on other networks like Sprint.

We will keep you updated as always.