Risk: High
At the end of June, Apple's iPhone was released and just 72 hours afterwards, a variety of flaws were publicised. One 'researcher' found a flaw that could allow an attacker to gain some control over the device whilst others discovered hidden passwords that could help in gaining root access. The presence of a known Safari bug on the iPhone could enable an attacker to cause a buffer overflow and gain control of the phone.
Although the flaws are yet to be patched, it is widely hoped that Apple will respond with patches quickly, although the company has so far declined to comment.
The trouble is that when a new piece of technology becomes available, especially one with as much hype as the iPhone, those wanting to hack it will come running just as quickly as those who want to buy it.