A respected member of the iPhone Dev-Team, @wizdazhas successfully ported the tool to work with PwnageTool. This is great news for those users waiting on an custom firmware package in order to maintain their current baseband. Ultrasn0w unlockers should wait for PwnageTool.
PwnageTool jailbreak for iOS 4.1 is rumored to release this Sunday 10/17/10 allowing creation of custom, non baseband updating, firmwares. iPhone 4 users, however, can still update to iOS 4.1 without updating baseband, a step by step guide can be found here. Limera1n and Greenpois0n jailbreak are already out to jailbreak iOS 4.1 for all iOs devices. Follow the guides linked below to jailbreak iOS 4.1:
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Authors: _GadgetNews