Limera1n Released to Jailbreak iPhones/iTouch/iPad

But before you upgrade you might want to read this.

So if you've been scrounging the internet you will know that the Limera1n tool has been released and the Greenpois0n tool has been delayed until it is ready. If you're looking to jailbreak your device by all means go for it and no it will not fund terrorism as Steve Jobs has claimed it will. Bug before you update and try to jailbreak know what you are doing and and know that this version will not unlock your iPhone. You must wait until there is an unlock for the 05.14.02.

If that is your plan then you must wait for an unlock otherwise you will have yourself an iPod touch with a camera.