While this may sound crazy to some, it will be exciting news for those who had been looking forward to jailbreak your 3G iPhones. iPhone-dev-team has just announced that they have developed the PwnageTool 2.0 to jailbreak the 3G iPhone. At present, the tool is available only for Mac OS users, Windows users need to wait for a little while.

Jailbreaking will be great for those of you who are hooked to some of the games and applications available for jailbroken phones in addition to the games and applications available on App Store. Yes, jailbroken 3G iPhones will still be able to install official apps from iTunes.

Unlocking option is yet to come; however, this can also be expected soon as the whole iPhone-dev-team is working really hard on this. If you have upgraded your first generation iPhone to 2.0, you can jailbreak and also unlock your phones. If you are desperate try this out and do remember to take backup before you start.