The much awaited release of the “Pwnage Tool 4.0” is finally here and brings the baseband-preserved jailbreak for the iOS 4 on iPhone 3GS and iPod Touch 2G. However it doesn’t support the iPhone EDGE, iPod Touch 3g or 1G.

Apple recently released firmware 4.0 for the iPhone and iPod touch devices, which was a frontline upgrade from Apple. However if you hacktivated your phone using the PwnageTool, you shouldn’t have upgraded your phone. Having said that, the release of the new PwnageTool 4.0 is finally here.

This is a major news for all iPhone 3GS users out there as now they would be able to jailbreak on iOS 4 and unlock the device and use it with any carrier. iPhone 3G have the option to either use this tool or use Redsn0w 0.9.5 to jailbreak on iOS 4  and unlocking with UltraSnow 0.93.

Having fun “Pwning” the iOS 4 on those iPhones 3GS and iPod Touch 2G.

Here is the link to download PwnageTool 4.0 and a Torrent file.