Yes, the reports are true. An untethered jailbreak has been released for iOS 7.1 and 7.1.1. The jailbreak is compatible with all iOS 7 devices and the process is very similar to other “one click” tools we’ve seen in the past. Check out the video tutorial above for more information.
Download the Pangu jailbreak tool here and if you’re in need of more instruction through the process, I’ve put together a written tutorial over at 9to5Mac.