I'm glad I waited. I doubt that the re-launch of Jailbreakme.com has anything to do with the recent ruling that Jailbreaking is legal in the US, but the fact that there's such an easy jailbreak for every iDevice now, and the fact that you're officially not a criminal if you use it (though I'm sure that Apple Store geniuses will treat you like one if you walk in with a jailbroken iPhone) means that there are going to be a lot of jailbroken iPhones out there.
It works like this: you go to jailbreakme.com, you initiate the jailbreak by sliding a slider like the one you use to answer a phone call, then you see this:
Then your iPhone is jailbroken. I love it.