U of Mich, so far i've only tried the wifi at home and works perfectly without any glitches. Dont use bluetooth that much so cant say however i'm pretty sure there should not be any issues with it.

by reboot i mean for ANY reason you need to restart your device, battery drain or any app that requires you to restart holding the power+home etc will not work with the above procedure. You will HAVE to connect the phone to the pc run Redsnow and it will have an option there to reboot the phone(its just a check box) Since this is a very early unlock option out there, everyone says to wait a while till a proper easier unlock gets released.

The above video is to unlock any iphone that got upgraded to baseband 05.14.00 or 05.15.00 etc as you were saying there was no unlock available (giving me a minor heart attack)

Tricky step that i was facing was if you try to do it without the ipad firmware chance are it wont work, so i suggest you might as well download the firmware and follow all the steps given in the video (worked for me)