iPWND – 2.0 Firmware Beta 2 Hacked (With Video)

JAR! The “Cat and Mouse Game” between the nasty pirates and the royal Cupertino navy seems to have shifted decidedly in the pirates favor, or so says Engadget:

Those crafty kids on the iPhone Dev Team have already hacked the 2.0 firmware, but now they’re getting ready to release the oh-so-creatively-named PWNED tool, which takes iPhone hacking to the next level by patching the bootloader to let you load any firmware image you want — even images not signed by Apple. That means custom patched firmware can now be loaded directly from iTunes, which simplifies the jailbreaking / unlocking process tremendously, and also means that a patched version of the 2.0 firmware is coming soon.

Video after the break!

Looks like the most dastardly of jailbreaks/unlocks yet. Can Apple check the move and raise the stakes, or is the iPhone DevTeam to be believed and it’s the yard-arm for El Jobso’s lock-down? What do you think?