The Droid 3 has now been rooted. Looks like it was rooted using an exploit that is shared among Motorola devices. Hope this means good news for the Bionic. Security Research by Dan Rosenberg
Think it does Mj - TBH mentioned to somone that root will be available immediately. So at least someone thinks its already possible.
Now I understand root and the bootloader are different - so not to get folks hopes up that this puppy will ever be fully unencrypted, but there is a good chance at root.