Earlier we reported that new iPhone 4.0 is not jailbroken yet, but a member of iPhone Dev-Team has just posted a video showing the jailbroken iPhone 4.0.
Apple has introduced more than 100 new features esp multitasking in new iPhone operating system. Though these new features have reduced the interest level to jailbreak iPhone but still there are many other features which are only accessible after you jailbreak your device.
Musclenerd, a member of iPHone Dev-Team, who has already posted a video of iPad jailbreaking, has again showed a jailbroken iDevice running on new iPhone OS 4.0 beta.
iPhone Dev-Team will release the whole procedure after the stable release of iPhone OS 4.0 is rolled out by Apple.