The wait is finally over! The iPhone Dev Team has just released redsnow, a jailbreak and unlock (orig iPhone only) that works not only on the iPhone 3G and 1G iPod Touch, but more importantly, on the 2G iPod Touch as well. It works similar to QuickPwn so the whole process should be pretty easy. However, the current version doesn’t work on Mac OS X systems still running on PPC. Likewise, all the precautions mentioned in the iPhone 3.0 jailbreak should be taken, and this doesn’t work on the iPhone 3G S as well. Apart from that, there have also been quite a number of complaints and problems being reported in the comments section.

Needless to say, worry-warts out there will have to probably wait for a newer version to be released before trying this one out on their Apple device. Nonetheless, if you’re brave enough to give this new jailbreak a go, then by all means, download redsnow from their blog now and don’t forget to hit us up in the comments section below as we’d love to hear how it turns out for you.