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Originally Posted by The Rick
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Yes... but not really. That's just the first step in a long process. Not what I would consider a "public" jailbreak method. The "hack" that they're using for this already existed, since it was created for the iPhone, they just weren't sure if it would fully work or not.
The funny thing is that since it's running the iPhone OS, they have a huge advantage in the fact that they can use many of the existing hack methods. And they've had several methods of jailbreaking that they have refused to release to anyone. Just for the benefit of nobody knowing about them, therefore staying ahead of Apple programmers.
Jailbroken iPad apps are already showing up...