Yes, fellas they did it. After confirming the exploit a couple of days back, they managed to jailbreak the device. However, don’t get your hopes high to get this solution anytime soon because they are holding it back to keep Apple off the exploit that could enable them to patch and close the jailbreak exploit forever. Though iPhone-Dev’s reasoning is sound, I don’t think it would take much time for Apple to patch and end the cat and mouse game once and for all.
Read the ‘all-or-nothing deal’ for jalibreakers over here.