iPhone Baseband 5.12.01 Exploit Found? Unlock On Its Way?

So earlier today there was a little rumble in the unlock world,via Twitter, as a new exploit was rumored to be found for the new iPhone 3.1.3 firmware’s baseband 5.12. Sherif Hashim managed to crash the baseband, which in turn could possibly be used for an unlock.

A little while later MuscleNerd of the iPhone DevTeam, confirmed that it was a legit find.

What does all of this mean? Well, maybe an unlock for the early up graders of iPhone 3.1.3 that relied on the unlock and are now stuck. But, with the time it takes to actually develop it into an unlock, my guess is that no one will burn the exploit, and tip their hand to Apple this close to the release schedule for a new device and firmware. But, stranger things have happened.