It was just last week that jailbreaking was made legal by the Library of Congress. Apple was quick to make it thoughts known on the development. "We know that jailbreaking can severely degrade the experience," said Apple in a statement. "As we’ve said before, the vast majority of customers do not jailbreak their iPhones as this can violate the warranty and can cause the iPhone to become unstable and not work reliably."

Well, the folks at iPhone Dev Team obviously don't care about Apple's warnings and have delivered the first jailbreak for iPhone 4 smartphones running iOS 4 and iOS 4.01. In addition, the latest jailbreak -- which works via Mobile Safari -- also works on iPads.

According to 9to5mac.com, all users need to do is head on over to jailbreakme.com in order to initiate the jailbreak.

A word of warning to early adopters though -- there are some early reports that the server are currently overloaded (obviously) and some phones are being bricked by the jailbreak.

Updated 8/2/2010 @ 9:33am

According to twitter updates by Dev Tem members, a carrier unlock for the iPhone 4 will be released within the next 48 hours