As promised yesterday, MuscleNerd and the rest of the iPhone dev team have Jailbroken the iPhone 3.0 OS. You might want to fast forward half-way through the video before you see anything good. The short answer, however: iPhone 3.0 is jailbreakable and will be shortly after launch.
http://qik.com/swfs/qikPlayer4.swf
Try to be patient. Do as we say, not as we do.
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