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.