iOS 4.1 is just a few days old but someone already found a major exploit in it. Apparently, some hackers found a way to install cracked applications on a non-jailbroken iPhone via an app called IPA God, which should be released in the near future.

The following video shows IPA God in action. While do not encourage app piracy here at iDB, I thought it was important enough to share that with you…

This being said, I suspect IPA God to be a fake. How can you install IPA God on your iPhone if it’s not jailbroken? The only way to distribute this app would be via Cydia.

So what do you think? Real or fake?

[9 to 5 Mac]