Thinking about jail breaking your iPhone 3G so you can install third party applications? Well here's some good news, iPhone Dev Team has released a tool called the Pwnage Tool 2.0 application that will enable iPhone 3G users to easily jail break and activate their iPhones. Unfortunately this application doesn't provide an unlocking functionality as yet. Therefore iPhone users will have to wait a little longer to unlock their iPhones so they can use them with any network.

Visit the iPhone Dev Team's blog or this mirror to download and use the tool.

Source: Into Mobile