The iPhone Dev team has worked hard over the past few weeks. After the successful release of their iPhone 3G software unlock, they now have a iPod Touch 2nd gen Jailbreak working. Though the process at the moment is highly manual, its working and we can expect a final version to be released soon.
If you've been tempted to jailbreak your iPhone but haven't yet taken the plunge, I've got a couple of tips that will help make the process a little smoother.