Alright, so the headline is a little bit misleading, but in a sense it’s true. The Dev-Team has had an exploit for the iPhone 3GS set and ready to go, but they want to wait until 3.1 so that Apple doesn’t immediately patch their hole. George Hotz got tired of waiting, so he’s releasing the jailbreak himself.

As of yet there aren’t many details, and not many folks have tested it, but those who have are reporting a successful unlock. GeoHot, or George Hotz, has the necessary file listed on purplera1n.com. After the jailbreak, you should be able to use ultrasn0w for the unlock.

I think the best part of this whole saga is Hotz’s comments regarding the Dev-Team decision to hold of on release. I’ll send you off to backup, jailbreak, and unlock with his words:

Normally I don’t make tools for the general public, and rather wait for the dev team to do it. But guys, whats up with waiting until 3.1? That isn’t how the game is played. We release, Apple fixes, we find new holes. It isn’t worth waiting because you might have the “last” hole in the iPhone. What last hole…this isn’t golf. I’ll find a new one next week.

Well said, George. Good luck jailbreaking – enjoy your holiday.