Optimus S & Bluebox Master Key vulnerability
Security firm Bluebox recently revealed a new Android vulnerability, and it looks like my Optimus S (HydroROM v1.1.0) at least is affected:

Some more details about the bug (8219321) and a source code patch here.
Looks like Cyanogenmod has included the fix already in some versions at least - any Opti S ROMs have this fix yet? I'm guessing LG isn't going to bother to release a new stock firmware, but you never know.
Re: Optimus S & Bluebox Master Key vulnerability
They definitely won't bother. I'd check thekraven 's latest builds for the fix.
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Re: Optimus S & Bluebox Master Key vulnerability
The MiRaGe rom from mrg666 has been patched. It's over on the Optimus V forum. There is a patch in the first post to put it on the S. Great rom.