The iOS 4.1 update is out, and it seems that a jailbreak has been found as well:
http://www.dailytech.com/IOS+41+Jail...ticle19576.htm
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Also, the best thing about a low-level bootrom exploit is that Apple wont be able to patch it simply by releasing a new firmware update. Instead, it will require Apple to release a revised hardware version of iPhone 4, iPhone 3GS, iPad and the iPod touches with new bootroms in order to patch the bootrom exploit.
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