Geohot's LimeRa1n jailbreak has been released, and even though it comes with its fair share of downsides, it does work for some people. Thanks to iDB reader Whammy who send me screenshots of LimeRa1n in action, we're now able to get a tutorial for you.
This step by step guide and tutorial will show you how to use LimeRa1n to jailbreak your iPhone iOS 4.1. LimeRa1n will jailbreak the iPhone 3GS, and iPhone 4. It will also jailbreak the iPod Touch 3G and iPod Touch 4G. As usual, proceed at your own risks.
This tutorial was done with a PC but LimeRa1n will also work if you have a Mac, and the steps will the exactly the same.