Wake the kids, phone the neighbors, the graphical version (we think it has a GUI, it's unclear at the moment) of the iPhone unlocking software is now out, official, automatic (or as much as it can be) and free. Developed by the iPhoneDev team, the new software makes opening up your iPhone to any GSM carrier simple as pie. According to the Dev Team, "This new version needs only be copied over to the phone and executed, it's full automatic. No more needs for fls or extract bin files out of the nordump. It should also cut the time down to max. 3-5 minutes."
We'll bring you more just as soon as we get hands-on with the new wares (eh hem, all our iPhones seem to be unlocked at the moment) and as long as Apple doesn't drop the hammer with a new iPhone firmware release. We know it's coming, and chances are it will wreak havoc with the unlock.