Hehe Amanda, sounds like you effed up. A month back I came home drunk and upgraded my perfectly unlockable baseband to the new one. I ended up selling that phone just recently. Remember you don't upgrade your phone via iTunes anymore. You use a tool like sn0wbreeze, redsn0w, etc. Those can preserve your baseband.
People say there are problems with those GEVEY SIMs, one obvious problem is that everytime you reboot you'd have to use the gevey SIM to unlock your phone. Imagine yourself at work, and you had an issue with your phone which rebooted it.