Pwnage Tool 3.1 is OUT

"The iPhone hacking faithful can now unlock and jailbreak their original iPhone, iPhone 3G, and first-generation iPod Touch devices with the much-awaited PwnageTool 3.1. Unfortunately, the hacking tool does not yet support the iPhone 3GS or the new iPod Touch, but an update is expected soon.

Arriving only a week after Apple released the 3.1 software update for the iPhone and iPod touch, DevTeam has set free Pwnage Tool 3.1. The software allows you to create and install custom firmware packages to jailbreak your Apple device and also use SIM cards from carriers other than AT&T (or the original carrier you purchased your iPhone from).

As usual, a kind reminder that jailbreaking your iPhone or iPod touch is not something that Apple likes you to do and it will void your warranty. But if you know what you are doing (and follow the instructions closely) Pwnage Tool will give you access to the Cydia app store, a place full of apps that allow you to further customize your iPhone and also use many of the apps that Apple rejected from its own app store."

READ: New jailbreaking tool available for some iPhone users
by Daniel Ionescu, PC World