Yes, you can backup your current iPhone and settings, and then use them for your 3G[s] once you get it. That's exactly what I did.
However, if you restore and erase everything, it will force you to upgrade to 3.1.3. UNLESS you use PwnageTool for the Mac. If you use that, being that you have a 3G and not a 3G[s], PwnageTool will updte you to 3.1.3, AND keep your old baseband, so you would use the same application to stay unlocked. (either blacksn0w or ultrasn0w) and it SHOULD work fine.
I'd recommend going to the dev teams blog and reading about your iPhones ability to be jailbroken/unlocked/updated through PwnageTool. But it's looking good for the phone you intend on giving away.
