WHOA! I haven’t been following the jailbreak scene lately, but it turns out Evasi0n has finished and released an iOS 7 jailbreak!

UPDATE: I successfully jailbroke my iPhone 5 running iOS 7.0.4. Proof below! Yay, it works!

REMEMBER, disable your passcode lock BEFORE you jailbreak. Also, always back up your iPhone before jailbreaking.