And finally it happened, Charlie Miller will release an exploit today about how to hack an iphone with simply sending SMS to the victim and resulting in full control of the victim's phone. Coolest part is that he warned the Apple about this security exploit like 6 weeks ago and of course Apple did nothing 
Left millions of people in vulnerability while kept on selling how to divide 50 dollar bill into 5 applications.
Protection ( haha funny!)
- Remove the permissions of SMS application via SSH so you can't send/receive SMS
- Take your phone into Airplane mode
- Shutdown your phone
Details are listed here. Of course I believe Iphone Dev Team will be faster than appletards and release a patch soon. I wonder what appletards gonna whine about when Jailbreaking saves their useless asses.