It’s just been released and iOS 4.1 jailbreak is on its way already. Pod2G, a member of Chronic Dev Team has managed to find a bootrom exploit in for iOS 4.1 that will not only jailbreak iPhone 4 & 3GS new bootrom but will also jailbreak iPod Touch 4G. These are, however, initial stages and iOS 4.1 jailbreak release can’t be expected some time soon. It’s good to know there’s a bootrom exploit in possession so a jailbreak will be coming sooner or later. These exploits are confirmed by MuscleNerd of iPhone dev team, he said:
Crazy timing that @pod2g got latest exploit just as 4.1 went public (lots of work left…keep away from 4.1 for now!)
So, there’s still plenty of work left but there’s plenty of hope as well
. We’ll keep you updated on when jailbreak is released, stay tuned.