PwnageTool 4.0 is ready and waiting for the iPhone Dev-Team to release it. There are a few problems currently which may delay the release, but should be released later today with limitations. First the current PwnageTool 4.0 RC does not support the new bootrom 3GS. People with old bootrom 3GS’s will have to jailbreak with something other than Spirt as it no longer works.
iPhone 3GS old bootrom users: If you have shsh blobs for firmware 3.1.2 or lower you can restore and jailbreak it, then move to 4.0 with PwnageTool 4.0 RC.
As soon as PwnageTool 4.0 RC is released we will let you know…
-Thanks Stephen for the Tip!