As expected, the iPhone DevTeam made short work out of the new iPhone 3GS and the team is now perfectly capable of jailbreaking the new model. For now, however, the team decided not to release the files for public use.

As posted on the DevTeam's blog:

We can jailbreak the 3GS right now. But making our jailbreak public at this point in time would benefit relatively few people. It would in fact be detrimental to many more people than it would help. So we feel it’s best to keep our version of the jailbreak out of Apple’s sights for the time being.

The DevTeam believes that there still aren't many 3GS owners out there, much less those that have done a full USB dump or captured img3s signed with ECID. Even with a million in sales in three days, the 3GS still does not have a big enough population to benefit from the jailbreak, as compared to when millions more have gotten it. "There are parts of the globe where you can't even buy a 3GS yet!" the DevTeam noted.

"Here’s the critical point," they said. "...the reason why we’re delaying our version of the jailbreak: Once the jailbreak is out, Apple will fix the iBoot-family bug we use to accomplish it. They will simply stop signing the old iBoots and only sign the fixed ones.  If you bought your phone after Apple has done this, there’s nothing you can do…the jailbreak isn’t going to work for you."

They also note that Apple is sure to come up with a 3.0.1 firmware release shortly to fix ultrasn0w, apart from other problems with the 3.0. As it is, patience is a virtue, so those who already have a 3GS could wait a bit more for the benefit of a greater population.

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More on the new jailbreak:

• iPhone DevTeam: iPhone 3GS jailbreak and unlock coming soon