From the looks of it, PP Jailbreak uses the exploits from TaiG, so we don't think any new exploits were burned. We have yet to hear anything official from respected members of the jailbreak community on the safety of PP Jailbreak, so please use the tool at your own risk. We were able to successfully jailbreak our device at iClarified and have not had any issues yet.
You can download the jailbreak from here
We'll be posting step-by-step tutorials shortly so be sure to follow iClarified on Twitter, Facebook, Google+, or RSS for more!