So apparently, a jailbreak has been released, but from what I've read and seen, there might be malware bundled in with a piracy app store.
Beware, use at your own risk.
Pangu.io
More information at MR.
[General] iOS 7.1.1 Jailbreak released, but may include hidden malware... - MacRumors Forums
Beware, use at your own risk.
Pangu.io
More information at MR.
[General] iOS 7.1.1 Jailbreak released, but may include hidden malware... - MacRumors Forums