I'm not here to link the jailbreak but to discuss it. Some people are enraged because this was released, however I do not agree with those people, specially Stefan Esser (i0n1c) with turned out to be one of the biggest crybabies in the scene.
First of all, the scare mongering, principally coming from Esser itself:
1.- Pangu means that iOS 8 will be harder to Jailbreak: Incorrect. Pangu is using an exploit found in an obsolete security certificate many refused to exploit because of legal reasons. Them, being Chinese, could risk it. NO ONE would exploit this on iOS 8 either anyway.
2.- Pangu install malware/spyware/trojans: Incorrect, iH8Sn0w and @comex already audited the code and nothing dangerous was found. The only thing Pangu installs is a Chinese pirate store and that can be avoided by clicking a selection box at install.
3.- Pangu was unnecessary because iOS 8 is around the corner: The following point is totally my opinion: Jailbreaks should be released ONLY for the latest stable release of a major iOS. 7.1.x will be the last 7 release and also the last release supported by iPhone 4. Have the people who are still finding their i4's enough for their needs no right to jailbreak their devices? Many people are saying that it's their fault for upgrading to iOS 7.1 but honestly iOS was unusable on these devices prior 7.1.x. A jailbreak for iOS 7.1.x means fantastic news for people that cant upgrade to iOS 8 or for those who will wait for a mature release of it.
Have you jailbroke your device?