The iPhone Dev Team has released their latest iPhone jailbreak tool – PwnageTool 3.0! This latest version of PwnageTool will allow anyone with an iPhone or iPhone 3G to jailbreak the just-released iPhone OS 3.0 update. It’s important to note that PwnageTool 3.0 will only work on previous-gen hardware running iPhone 3.0 OS – the iPhone 3G S will not work with PwnageTool 3.0.

PwnageTool will unlock your first-gen iPhone’s baseband (the little piece of code that controls which carrier network your iPhone can connect to). Unfortunately, iPhone 3G users will have to wait until Tha Team releases their latest iPhone 3.0 OS unlock utility, called “ultrasn0w.”

It’s important to note that the previous “yellowsn0w” iPhone 3G unlock utility can’t unlock the 3.0 baseband. Only “ultrasn0w” can unlock the new baseband bundled with the iPhone OS 3.0. If you’re using an unlocked iPhone 3G, you’ll probably want to wait until the “ultrasn0w” utility is released through Cydia. Upgrading to 3.0 now will lock your iPhone until “ultrasn0w” is release (Via IntoMobile)

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