I was skeptical at first because I don't visit their blog often but tonight I saw a post from 2 hours ago that said "Here you go". I tried downloading but its mad slow. This is pretty crazy. Other news online confirmed its true.
Pwnage is not really a hack, more of a customized 2.0 firmware that unlocks and jailbreaks the iPhone 2.0 firmware. I've never tried this before.