Update (8/9/08 - 7AM) PWNAGE 2.0.2 Released as of this morning, apparently iPhone Dev Team pulled an all nighter. Download it here.
iPhone Dev Team blog recalled their last post "Its Sparkling" and posted their latest update "It isn't Sparkling - Yet!" Bottom line is a bug could ruin some .ispw build so they want to hammer it out to make sure it is bullet proof prior to releasing. Take your time iPhone Dev Team, we'd rather have a stable release than rushing into this. iPhone Dev team signed off by saying they'll see us in the morning, so expect an update or possible release Saturady morning.
BTW - the whole "sparkling" reference is the feature built-into PWNAGE software that auto updates to the latest version.