The leaders in iPhone firmware hacking have done it once again! They have managed to jailbreak the new iPhone 3G (powered by firmware 2.0) and have developed a tool called, Pwnage Tool 2.0, for users to unlock their iPhone 3G.

Pwnage Tool 2.0 will allow users to unlock their iPhones 3G, and allowing users to run iPhones on any GSM cellular network. This “pwnage” tool is yet to release for public downloading and is undergoing some beta-testing to ensure error free performance.

After unlocking iPhone, you will be able to run third-party apps from App Store. The latest version will support both firmwares 1.1 and 2.0 firmwares.

This post will will be updated as soon as Pwnage Tool hits the Internet for public downloading.

Update: Pwnage Tool 2.0 is now available for download! Click here!

Follow me on Twitter or Subscribe via RSS for quick updates on Pwnage Tool 2.0!