Although not out yet, the iPhone Dev Team is making great progress with the creation of Pwnage Tool.
The Dev Team’s new blog post provides some additional information on their progress of Pwnage Tool and where they stand on in development. They also go on to say that they have not released Pwnage Tool as of yet, as they want to make sure that Pwnage Tool is 100% safe for anyone using it and to make sure all the bugs are ironed out.
Pwnage Tool should be released soon. We don’t know how soon… but soon.