Reminder: iPhone3GS & iPod3G owners (especially if you used Spirit for your first JB) should stay away from iOS4 for now !!!
iH8sn0w has just sends confirmation that he has completed sn0wbreeze v1.6 for iOS4. The new version of sn0wbreeze will be available soon. So, we can jailbreak the new iOS4 in iPhones and iPod touches. It also helps in upgrading to iOS 4 without updating the baseband.
The new version of sn0wbreeze now add the following new features : (for iPhone 3G user)
- Enable Baground Wallpaper
- Enable Battery percentage
- Enable Native Multi tasking
UPDATE #1: Sn0wbreeze v1.6 will release in 2-3 days.
UPDATE #2: Here is a video of sn0wbreeze 1.6 in action.
UPDATE #3: sn0wbreeze V1.6.1 is available at : http://ih8sn0w.com // Fixes Resources.zip issues. 
UPDATE #4: Sn0wbreeze V1.6.2 has been Released – Fixes YouTube issues & iTunes Restore Errors, (READ MORE)
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[...] Remember, you need Cydia to install the unlock. (You have to jailbreak iPhone to get Cydia, Read more) The source is repo666.ultrasn0w.com Package name : ultrasn0w Follow me @arjunz to stay updated! [...]
[...] iOS4 with sn0wbreeze (Read More), it will be releasing [...]