We have reviewed FindMyiPhone and TraceSaver which are services to locate your lost or misplaced iPhone but FindMyiPhone is only free for iPhone 4 that too on iOS 4.2.1 whereas TraceSaver is free but with limited capabilities. Moreover FindMyiPhone service only allows you to locate your Phone’s exact location but does not sends you snap of the thief. Therefore Jailbreak community has come up with iLockOut which allows you to enter the lockscreen password in 15, 30 or 45 seconds and on timeout takes snap from front camera to send it on already set email address. You have the option to choose from 10 different themes to suit your winterboard theme.
iLockOut does not have any homescreen icons and can be configured from Settings menu. iLockOut costs $2.99 in Cydia App and can be installed using the procedure here.
In order to enjoy these Applications and Tweaks you need to Jailbreak so you might like to see Redsn0w Jailbreak & JailbreakMe or to Jailbreak while preserving your baseband (software unlock) see TinyUmbrella, SnowBreeze & PwnageTool.