The XDA'ers don't seem to have had any luck getting new firmware installed, but have successfully made backup images on the SD card - guess that's a step in the right direction.
It's early and young, will be fun to see how this plays out
The exploit is a race-condition bug in the linux kernel:
"Multiple race conditions in fs/pipe.c in the Linux kernel before 2.6.32-rc6 allow local users to cause a denial of service (NULL pointer dereference and system crash) or gain privileges by attempting to open an anonymous pipe via a /proc/*/fd/ pathname. "
Seems like it was pretty easy to get root once this was found - great for our phones but really bad for my computers! patch please!
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