Jailbreaking iPhone 2.0 [video]

Following the initial announcement a few days ago, the iPhone dev team says it is close to releasing a new version of its iPhone PwnageTool application for jailbreaking and/or unlocking an iPhone. The new version, PwnageTool 2.0, brings support for the new iPhone 2.0 firmware, allowing the new iPhone 3G, or 1st gen iPhones/iPod touch's to be "jail-broken," so users can install third-party software (not through the Apps store) and access the file system. The tool is designed to be extremely user-friendly and simple, enabling almost anyone to jailbreak their iPhone. After the process is finished all of the 2.0 firmware features, such as the App Store or Exchange support, will be available to the user as well as the ability to add other third-party apps via the installer, reminiscent of the way software was installed before Apple launched the App Store.

PwnageTool 2.0 is expected to be released in the next couple of weeks and will support both versions of the iPhone as well as the iPod touch.