Once again iPhone-Dev has jailbroken Apple's latest iPhone firmware before it has been released. Firmware version 2.2 Beta 1 was seeded to developers just over a day ago but is still vulnerable to pwnage. Below is a screenie of Terminal running on firmware 2.2 Beta 1.
Some nifty info regarding this newest firmware. With firmware 2.2 beta 1 Apple follows the a familiar pattern of naming their firmware versions. Remember they have been "Alpine" for awhile now -- 2.2 Beta 1 is called "Timberline." Also to note Apple has returned to putting expiry dates on their beta..