The iPhone Dev Team is getting ready to release the PWNED tool, which will patch the iPhones bootloader allowing you to load any firmware image you want, even ones not signed by Apple.

This means that custom patched firmware can now be loaded directly from iTunes which will simplify the jailbreaking and unlocking process. This also means that a patched version of firmware 2.0 beta should be available soon as well (since it doesn’t have to be signed by Apple).

This video shows the process of “PWNing” the iPhone with the new PWNED tool.