The iPhone Dev-Team has set a update on their blog. They show a video where they break the iBoot. This is the procedure needed to get our beloved iPhones pwned with pwnage tool 2.0. The full article + video after the break.

For the 800 of you who wanted a video, here it is.

This is the command line to talk to your iPhone’s “BIOS” of sorts. It decides what gets run (if it’s signed correctly) or not. Normally it’s very restrictive. Unless it’s been pwned.

Pwnage breaks the chain of trust from the very earliest boot stage, and as the video shows, this chain has now been broken on the iPhone 3G. Given that the only thing lower than this is ROM, Apple will have to change the hardware to prevent us from getting in, and we don’t expect them to ask for your phone back so they can “fix” it.

Please note that this has been anything but trivial, and it wasn’t as easy as porting our old code to the 3G iPhone. Many of our best hackers have been working in long shifts all weekend on this, and continue to do so as I write this post.

Talking to iBoot? from iphonedev on Vimeo.