Apple has rushed out a patch for multiple
security holes that allowed ‘drive-by download’ jailbreaking of iPhone
and iPad devices.

The flaws, exploited by the Jailbreakme.com
project, essentially allowed remote code execution attacks via
specially rigged fonts and escalation of privileges to escape the iOS
sandbox. The Jailbreakme.com project used rigged PDF files to deliver
the malformed fonts.

Here’s the skinny on the three vulnerabilities patched by Apple with the iOS 4.3.4 software update:
The iOs 4.3.4 update is available for iOS 3.0 through 4.3.3 for
iPhone 3GS and iPhone 4 (GSM); iOS 3.1 through 4.3.3 for iPod touch (3rd
generation) and later; and iOS 3.2 through 4.3.3 for iPad.
[Thanks: http://www.zdnet.com]
Apple is gearing up for production of the next iteration of its iPhone line, and has begun ordering parts from its supply chain, according to a detailed report from The Wall Street Journal. The newspaper offered details on when it will ship (September) the form factor (thinner than the iPhone 4), the wireless chips used (Qualcomm), and an improved camera on the device (8 megapixels).
Not all of these bullet points are new — informed speculation that Apple would ship the iPhone 5 (or 4S) in September began in earnest more than three months ago — but they do come with The Journal’s reputation for properly sourced material and information vetting.
The report also included a caveat that a September launch could be delayed if Hon Hai Precision was unable to improve yield during its manufacturing of the iPhone. If true, it would suggest that Apple is serious about being able to meet demand when the device launches, rather than playing catchup for weeks or months afterwards.