I just received the following text message on my iPhone:
AT&T Free Msg: Pic/video msg (MMS) is now available for iPhone.  Pic/video msgs you send/receive will be $.30 unless you have a msg plan.  Go to att.com/mywireless to add a plan.  To enable MMS, connect iPhone to computer & click Check for Update in iTunes, then [...]

So clearly, “late summer” means early fall. Great work AT&T!
Anyways, upon hearing about the release of iPhone OS 3.1, I remembered reading a rumor that AT&T could likely give us the long awaited MMS functionality on this day. Well, according to Gizmodo, not so much, but at least we finally have a date [...]

Apple has released OS 3.0.1 via iTunes and it is the fix we’ve been looking for in regards to fixing the SMS exploit. I would definitely suggest downloading this ASAP if you own an iPhone unless you would like to allow someone to make your phone act like Skynet.

In following up with yesterday’s story, I saw that AppleInsider had gotten wind of a BBC report that the iPhone SMS exploit should be patched by this weekend via an iTunes update.
For tech-heads that want more detail about how this exploit actually worked, the AppleInsider article detailed it:
The exploit takes advantage of the fact that [...]

According to a recent Forbes report (and many other reports all over), two researches will plan on revealing a major security hole in iPhones this afternoon (Thursday, July 30th) at the Black Hat cybersecuirty conference. SMS text messages are apparently the culprit as detailed below:

If you receive a text message on your iPhone any [...]