Offtopic: It's another uneventful day in the underground iPhone hacking world. A momentary flurry of excitement was caused when some users were confused by an iDemocracy announcement, but the sad truth is out.
iDemocracy2Unsurprisingly, Drakenza has confirmed that iDemocracy will NOT be able to unlock brand new, out-of-the-box 1.1.2 iPhones with the latest bootloader. Jailbreaking and activation are supported for these iPhones though.
iDemocracy 2 DOES NOT support unlocking on iPhones with the new bootloader 4.06! Apparently some people misinterpreted the announcement below. Sorry for the confusion! However, iDemocracy 2 CAN jailbreak and activate these iPhones (I believe, though I haven't tested).
An official screenshot of jailbreaking in iDemocracy:
I believe that Drakenza meant unlocking of upgraded 1.1.2 iPhones (1.0/1.02/1.1.1 -> 1.1.2) in his earlier announcement, which is currently the only possible type of unlock for the 1.1.2 firmware. Until someone figures out how to get around the new bootloader, software unlocking for out-of-the-box 1.1.2 iPhones is not likely to be possible.