The latest jailbreak works for the iPhone 4, the iPad, and the third- and fourth-generation iPod Touch.



From PC World:

At the moment, it is a tethered jailbreak, meaning you'll have to tether your iOS device to your Mac every time you reboot.

Currently the jailbreak works for the iPhone 4, the iPad, and the third and fourth generation iPod Touch. Support for the iPhone 3GS is on the way, we're told. iPad 2 owners are warned to steer clear of the jailbreak for the moment. Anyone with an iPhone 4 that is not locked to a mobile network is also warned not to use it.

  IOS 4.3.2 Jailbroken Already