We don't have confirmation on this beyond the word of a Czech-based developer who has tested it, but apparently…
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The owner of phone reseller CertiCell has apparently traded iPhone unlocker George Hotz three locked 8GB iPhones and one Nissan 350Z to get Hotz's unlocked iPhone unit. This trade teaches us the virtue of patience and how hacking an iPhone can get you ridiculous amounts of stuff. [Jtag]