It is, but don’t get your hopes up on a release just yet. Master iPhone pwner GeoHot (famous for being the first person to jailbreak the original iPhone 2G and on) released this picture of the iPhone 4 jailbroken in all its glory.

GeoHot had this to say on his blog:

Got one of these in the mail today and figured I’d give it a shot.

As far as a release goes, it probably won’t happen from me. limera1n is little more than a raindrop on a website; it was never mentioned by me previous to this post. pwned4life is a complete invention of some blogger in a basement somewhere. When I said pwned for life, I was referring to the original iPhone, 3G, and Touch; which of course are, by the aptly named PwnageTool.

Again, please don’t ask for release dates. Every person that does makes me want to release a little bit less.

Nothing like waving raw meat in front of ravenous dogs, eh? Hopefully the jailbreak is released on or around the Canadian launch date…. whenever that may be.

[via iPhoneJTag]