Today, many hackers released a GUI jailbreak method for the iPhone. There is one hitch though: you need to downgrade your iPhone or iPod Touch back to 1.1.1 first. The software, on both OS X and Windows, grabs the data off your iPod Touch or iPhone, upgrades it with the Jailbreak, installs Installer and SSH, and itself, back to your device. The whole thing takes about 10 minutes and afterwards, you have a fully updated 1.1.2 jailbroken system.
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