iPhone Dev Team Warns: Do not Upgrade to iPhone 3.1 Beta
Apple iPhone has released a new OS as Apple 3.1 Beta ,at first it seems more like security upgrades and bug fixes and 
there is a strong possibility of Apple closing the exploit which iPhone dev team used in their latest Ultrasn0w and Redsnow Jailbreaking softwares.
Updating to 3.1 Beta firmware results in updated Baseband firmware so you lose your Unlock so iPhone dev team suggests to snot to upgrade untill they figure out a way in preserving baseband version.
This warning doesn’t apply to iPhone 2G (first Gen iPhone users) as it uses BootNeuter for the unlock instead of UltraSn0w.
For more information follow dev team on Twitter
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