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The iPhone Dev Team have released the 2.0.3 version of Pwnage Tool which can jailbreak iPhone/iPod Touch running firmware 2.0.2. The Pwnage Tool is only for Mac but if you’re a Windows user, a beta version of QuickPwn is also available for download. It has a better GUI and some bug fixes.
Dev Blog
Direct Download Links:
Pwnage [...]
As iPhone Dev Team officially announced Pwnage tool, expect more shortage of iPhone 3G as some people will buy for themselves to use it on another network while some will be making an extra dough by feeding the phones in the gray market. And yea, the tool is free.
Pwnage Tool