While it have successfully jailbroken the 3G iPhone, the iPhone Dev team has yet able to unlock the newly launched phone. This puts more delay on the new Pwnage tools that many people has been waiting for.
The first generation of iPhone was jailbroken and unlocked by the devs team, however having 3G baseband, the unlocking algorithm for iPhone 3G is not quite the same. Here is the breakdown of what pwnage tools 2.0 can do at this time :
iPhone (1st Gen) with 2.0 - Activated, Unlocked & Jailbroken, (with support for third party applications). iPod Touch with 2.0 - Activated & Jailbroken, (with support for third party applications). iPhone (3G) with 2.0 - Activated, Jailbroken (with support for third party applications).
Still no release schedule yet, but the iPhone Dev team's blog post suggests the tool will be available soon.