GeoHot Working on Unlocking iPhone Baseband 05.11.07

GeoHot, the little genius behind BlackRa1n is back at work and is reportedly working on an unlock for baseband 05.11.07. Baseband 05.11.07 is the latest baseband version of the iPhone OS 3.1.2 which is not unlockable for the time being.
The Dev Team has been working on unlocking 05.11.07 for a while without much success so [...]