iOS 4.1 has been out all of about a day and a half now, and the industrious underground jailbreaking community has already managed to find their way around Apple's restrictions. Pod2g of the Chronic Dev Team has found a bootrom based exploit that allows the jailbreaking of all iOS 4.1 devices, including the new iPod Touch, iPad, and iPhone 4.
The beauty of this particular exploit is that it is a low-level bootrom, which means that a firmware update cannot patch the leak and a change has to be made with a revised hardware version. It's still in the works and not for the faint of heart at this point, but we'll keep an eye out and see if this jailbreak becomes something that the "average user" may be willing to try.
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