Finally the much awaited iPhone unlocking and jailbreaking software "Pwnage Tool 2.0" is released for public downloading, a more official announcement with detailed information is expected to be released in next few days from the developers the iPhone-Dev Team.

The new version of the free software "Pwnage Tool 2.0" allows iPhone owners to jailbreak and unlock older iPhones with firmware up to and including the new version 2.0, and jailbreak iPhone 3Gs and iPod Touches (so you can run 3rd party applications not supported by Apple and the new iPhone App Store), 3G iPhone unlocking is expected to be included in upcoming releases.

iPhone Dev Team the leaders in iPhone hacking have done it once again, this time they managed to jailbreak the new 3G iPhone with firmware version 2.0, and a iPhone jailbreaking tool “PwnageTool 2.0" has been developed to enable users unlock iPhone running the new firmware software version 2.0.

The Pwnage Tool 2.0 is yet to be released for public downloading, as the software is still under private beta testing and is undergoing further tests to ensure error free performance, the team posted videos demonstrating the jailbreaking process.

Once your iPhone is jail broken and is fully unlocked the iPhone 2.0 will be able to run unofficial third-party applications, themes and games. The all new version of the PwnageTool features support for both 1.1 and 2.0 firmware versions, custom installer configurations, indexing of .ipsws files, canned web-searches, custom root partitions and much more.