Well, Apple has had their turn, impressive work on SDK! And now it's ours…
Pwnage is based on an exploit found in the lower levels of the iPhone/iTouch bootloader. We can now “pwn” Apple by patching the device to allow unsigned code. This opens the door to unlimited possibilities.
Once your iPhone/iTouch has been “pwned”, you can do things like installing custom made .ipsw files - straight from iTunes!
For a more technical explanation please visit Pwnage page.
We are going to release two tools as part of Pwnage project.
Both tools are undergoing intensive developing and soon will be ready for public consumption.