Preview at WWDC likely in June, followed by September launch.
The First Mac OS X Virus? (A New OS X Trojan) [Updated]
The resultant file decompresses into what appears to be a standard JPEG icon in Mac OS X but is actually a compiled Unix executable in disguise. An initial disassembly (from original discussion thread) reveals evidence that the application is virus-like or was designed to give that impression. Routines listed include:
The exact consequences of the application are unclear, but users who originally executed the application have noted that it appeared to self propogate:
If anyone remembers last night, when lasthope spread that picture that opened in terminal. I just turned on my other computer and it said it had an incoming file, from my computer, which was the latest pics file. Any help. I have already secure deleted it off of my harddrive, but how do i know that it will not come back.
Andrew Welch, who had done some of the initial disassembly, is posting updates to this thread.
According to the initial investigation, the application uses Spotlight to find the other applications on the infected machine and subsequently inserts a stub of code into each application executable.
Update: It appears that there is some debate about the classification of this application, and as it does require user activation it appears to fall into the Trojan classification, rather than self-propogating through any particular vulnerability in OS X.
Update #2: The most recent updates show that the file does send itself to other users in your AIM/iChat buddy list.
Andrew Welch posted the final technical analysis of the application with assistance from Ed Wynne and Glenn Anderson.
Symantec has posted a step by step guide on what happens when you launch this application.