New IPhone 3gs with version 4 OS Unlocking?

Bhupesh

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Hey Guys:

I just got myself a 3gs with version 4 OS installed on it at 5xx$ from AT&T guys just wanted to know since its a new phone and not already jailbroken, can I still jailbreak it and unlock it? If so could anyone of you be kind enough to share your comments on the same?

Your help will be highly appreciated.

Thanks...
10 points for a convincing answer right away.
 
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