The cat and mouse game between Apple and iPhone Dev Team is going to be never ending. Few hours ago iPhone Dev Team released an upgraded version of Pwnage Tool to jailbreak the latest iPhone 3G OS v2.1.
Apple takes months to upgrade their software but iPhone Dev Team takes only days to break them :). Thanks to iPhone Dev Team for your hardwork.
The latest Pwnage Tool can jailbreak original iPhones, iPhone 3G and iPod Touch. The tool is available is available for MAC users and Windows users are expected to wait few more days before they have their hands on to jailbreak process.
Links to download the tool for MAC OS and step by step guide
You can download the tool from iPhone Dev Team blog and for further instructions on jail breaking refer to the excellent guide available at Life Hacker
Links to download the tool for Windows OS
Read our article Jailbreak iPhone 3G v 2.1 Using Windows Version Of QuickPwn 2.1 for information