The brilliant guys at iPhone Dev Team has released a new version of PwnageTool that allows us to jail break iPhone 3.0 OS (iPhone 3G & iPhone 3GS). This application allows us to jail break all versions of iPhone and every version of iPod Touch except the second generation.
To jail brake your iPhone/iPod just download the PwnageTool from Dev Team and follow the easy steps given in lifehacker guide.
This application works only on MAC OS and Windows users have to wait till iPhone Dev Team releases a Windows version of the app.
Photo by jidnet via flickr