The Dev-Team have already announced.. That they are currently testing their software which means that they are about to be ready to release it soon!
As always do not update your firmware to iOS 4.0 or you'll lose your Jailbreak and Carrier Unlock. Stay Tuned!
Update (03:07):
@iphone_dev ultrasn0w 0.93 released! Cydia repo is repo666.ultrasn0w.com. Works with basebands 04.26.08 thru 05.13.04
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