Apple's new iOS 5 has already been jailbroken by iPhone Dev Team member MuscleNerd who tweeted yesterday, "iOS 5 jailbroken: via limera1n + tethered boot... Not too many surprises." The tweet was accompanied by a picture (shown below) of Cydia and iSSH icons displayed on the screen of a 4th-generation iPod touch.

It looks like Apple essentially has done nothing to patch the known, existing exploits. Presumably this is because the next generation iPhone will have the iPad 2's A5 processor (or similar), which is not vulnerable to the existing bootrom exploits. In other words, though this jailbreak (a tethered one at that) delivers a jailbroken iOS5, it doesn't deliver a jailbroken iPhone 5 or iPad 2 running iOS 5.

Walmart is reducing the price of the 16GB iPhone 4 to $147 through June 30. That's $50 off the regular $197 price.

The sale was announced a few hours before Apple's annual Worldwide Developers Conference keynote, where it is rumored Steve Jobs will announce the iPhone 5. The new deal requires a two-year contract or qualified upgrade, and applies to both the AT&T and Verizon versions of the iPhone 4. The sale lasts from June 6 to June 30.

If you are a regular reader of iPhoneFAQ then you're probably too smart to fall for a phishing scam, but sometimes these things even fool the best of us.

Attackers are preying on the excitement surrounding the WWDC by trying to infect your Windows PC with a nasty Trojan. An e-mail from noreply@apple.com with the subject line, "Finally The amazing iPhone 5. Now available in black edition," promises a bigger and better iPhone 5 with QWERTY keyboard.

"Introducing the iPhone that lets you do more than ever. And do it amazingly faster. Launch and switch between applications quickly. Bigger display, transparent mode, better cloud integration. Shoot, edit, and share video like never before. Slimmer, faster and sleeker. Discover many more features that make iPhone 5G S the best iPhone yet"

Apple is patenting technology that could help stop illegal pirating of musicals, concerts and movies. The new technology would allow movie theaters to use infrared beams to shut off iPhones being used to illegally bootleg. Similar to the same technology theaters use to send audio to individual hearing-aids for the hearing impaired.

Another way the technology could be used is to create free viral marketing. Take a concert for example, a band could surround the stage with infrared transmitters that watermark the videos or pictures you capture. If you decide to record the latest Black Eyed Peas performance, and share it on your YouTube page, the video would be stamped with Blackeyedpeas.com.

The tech is more than just a Big Brother device, the same IR beams could be used to enhance some experiences by transmitting information to your iPhone about certain items; like information about a sculpture or painting at a museum.

In an press release Apple revealed it will kick off the annual Worldwide Developers Conference with a keynote address on Monday (June 6) by unveiling Lion, the newest version of Apple's OS X operating system, as well as their still not fully understood online service, iCloud.

"At the keynote, Apple will unveil its next generation software - Lion, the eighth major release of Mac OS X; iOS 5, the next version of Apple’s advanced mobile operating system which powers the iPad, iPhone and iPod touch; and iCloud, Apple’s upcoming cloud services offering."

Previous rumors have suggested that Apple had plans for a surprise iPhone 5 announcement at the WWDC, but the May 31 Apple press release mentions nothing about introducing any hardware.

Even though Apple has made their intentions clear, some blogs are still pushing iPhone 5 rumors.
Like one blog claiming AT&T running out of the iPhone 4 is a sign that the iPhone 5 is right around the corner. Cult of Mac noted later that the black iPhone 4 is now back in stock on the AT&T website.

CNET and several other sites have posted first looks at the logos for iCloud and iOS 5 being displayed inside the lobby of San Francisco's Moscone Center.