iPhone hacker, geohot, has released blackra1n RC2 for your enjoyment. It corrects a few small bugs from the first release and can be downloaded here.
Fixed 3G issues
Tethered jailbreak for 3.1 OOTB ipt 8GB and new 3GSes
Fixed icy issues
Both Windows and Mac
If you used RC1 with success, no need to rerun
So nothing earth shattering but it [...]
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Continued here:
Blackra1n RC2 iPhone Jailbreak Tool Released and Unlock Update

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