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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.

The iPhone hacking faithful can now unlock and jailbreak their original iPhone, iPhone 3G, and iPod Touch 1G devices with the much-awaited PwnageTool 3.1. Unfortunately, the hacking tool does not yet support the iPhone 3GS or the new iPod Touch, but an update is expected soon.

The company's bulk purchase of NAND flash chips is leading to speculation that the next iPhone will have increased storage to accommodate new features like video recording.

There is no question that PC pundits are eagerly awaiting Apple's supposed new tablet, but what about customers? This is a high-risk game and Apple must know it.