PC World reports that a thirteen-year-old coder, named AriX, has released an application to install third-party applications on the new iPhone firmware. It is freely downloadable from Google Code. The only interaction necessary, according to the article, is a soft-reset of the iPhone.
I don’t know what’s more impressive: The fact that the new encrypted software has been cracked, or the fact that a 13-year-old did this. Very impressive! Congratulations, AriX!