For iPhone lovers with a hatred for AT&T, or who are stuck in a long term commitment with another carrier, iPhone Software 2.0 is a mixed blessing.

While the App Store and Exchange support brings joy to many of the iPhone faithful, folks with unlocked or Pwnd iPhones have to sit on the sidelines waiting and watching.

Well, the wait may soon be over, the iPhone Dev Team has posted a video of their Pwnage Tool 2.0 working its magic on iPhone Software 2.0. Right now, the tool will only work with OG iPhones. Sorry iPhone 3G users.