The exploit used to own the Macbook Air at the PWN2OWN contest has now been fixed and disclosed to the public. And Macworld has a story on what exactly was the problem. Turns out the problem had been around for a year (!) and had been fixed in the software library, just hadn't made it to Safari.
Which is, as mentioned in the article, a bit of a whoops by Apple. There was discussion that the trouble lay with Webkit, but that doesn't appear to be the case.
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