It’s been released folks.  Check out the officially unofficial iphone-dev team blog for more information.

Click here to download purplera1n

George Hotz says, “yes i make it ra1n”, (or was that Fat Joe and Lil Wayne?)

I do not have a 3GS to currently test out, but looks like a simple plug, click, and jailbreak.  Again, do not upgrade to 3.1 if you plan on jailbreaking or even unlocking.

Working on a step by step guide right now for y’all.

CONFIRMED: Does NOT work with VMing to Bootcamp partition

In the meantime for those of you who figured it out and have it working, gpSPhone and psx4iphone will be available in Cydia very shortly.  I would highly recommend, if not strongly suggest that you try them.  You will see the full power of the 3GS with psx4iphone, I promise.

Read the full article here:  geohot’s blog