Mere hours after iOS 4.1 became available, an iPhone Dev-Team user Pod2g found a bootrom exploit, meaning that the new update is indeed jailbreakable. However, this one differs—and could cause Apple a lot of pain.
Due to the way the jailbreak accesses the OS, the only way Apple can fix it is reportedly by installing a "whole new processor rev," according to someone from inside the project who spoke to Boy Genius Report.
As to when you can jailbreak it, well the Dev-Team guys are still working on it, but have said that people would be better off ignoring the 4.1 update for now.
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