Redmond Pie is reporting that the new iOS4.3 software update released in beta only yesterday has already been jailbroken.
It says the jailbreak is an unofficial version of the Pwnage Tool method and currently only supports the iPhone 4, but other devices are expected to follow. It uses Geohot's Limera1n exploit and is only Mac compatible.
iOS4.3 for iPhones, iPads and iPod Touches is currently in its first beta and is only available for download to developers for testing.
You can get full instructions on the jailbreak here.
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