It is barely a day after Apple annouces iOS 4.2.1 to iPad, iPhone and iPod Touch users and the word is that it can be jailbroken, thanks to the Dev-Team.
According to the Dev-Team Blog, this version will need a computer to boot up again if it loses power or needs to reboot. So, if you are uncomfortable, stay away from this jailbreak (for now).
Click Here to Read Dev Team Blog
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