10/29/2007, 9:55am, EDT
Monday, October 29th
Hackers simplify 'jailbreak' for iPhone & iPod touch
Simplifying hacks of v1.1.1 iPhones and iPod touches even further, beyond applications such as iJailBreak, a new website called Jailbreakme (iPhones/iPods only) offers a solution to unlock Apple's latest devices without first docking them to a computer. Upon directing Safari to the site, users are prompted to read directions and install AppSnapp, after which the necessary "Installer.app" icon will appear on the Home screen. The site is so far reported to be safe and easy to use.
Users who want SSH access can do so by installing the BSD subsystem, Community Sources and then Open SSH, the last of which allows Finder drag-and-drop access to iPhone/iPod contents. All of these do however require a desktop computer to be available, as well as more technical knowledge. Jailbreakme also does not provide an easy means of installing the third-party software it is meant to open access for.

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It's not good enough to use the exploit to fix the TIFF exploit (though it's a good idea and great demonstration to do so).
Also, note how this was not released by the iPhone Dev Team (oh, and were still waiting for the iPhone Dev Team to provide a revirginizing tool, or to fix the bricking they initially caused - I guess we won't be seeing that anytime soon....