The iPhone Dev Team has done it yet again as it releases yet another jailbreaking tool to crack wide open Apple's latest iPod Touch/iPhone Firmware - in this case, version 3.1.2.
Blackra1n has been released, courtesy of George Hotz, earlier today and is available only on Windows (including Windows 7 64-bit) for now. A Mac version is schedule for release in a near future.
The application jailbreaks all iPhones and iPod Touch devices running 3.1.2 regardless of the hardware used within 30 seconds. We've already tested it and it seems to be working.
The usual small print applies. You won't be able to upgrade your iPhone firmware via Apple iTunes. Hotz also warns 3G and 3GS unlockers not to upgrade to 3.1.2 using iTunes if they want to keep their unlocked device.
This is due to the fact that the Baseband cannot be downgraded. He also suggests to have a look at what the iPhone Dev Team is offering before concluding by saying that Blackra1n won't hacktivate your iPhone and that it won't jailbreak untethered IPT3.
Arguably, we won't be responsible to whatever happens to your iPhone if you ever decide to Jailbreak it. Still there's loads of fun to be had if you decide to embrace the dark side. Let us know how it went and whether you encountered any glitches.
(On The iPhone)