The first public demo of the iPhone 3G soft unlock named “yellowsn0w” has hit the internet. MuscleNerd, a member of the Dev-Team has streamed the procedure live through Qik. The official release to the public is expected to be on the new year’s eve. So just few more days before you’ll have the freedom of using any SIM card without paying to your carrier.

Here’s the demo video:

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iPhone - How To's, iPhone 3G, iPhone Unlock