Day One for the new RAZR and it's already been hacked to bits by the teardown junkies. Now it's been rooted, too.
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The crew over at the Droid Forums has a working root that'll get you up and running on Android 2.3.5 Gingerbread, which is awesome. But it comes with some caveats: There's no recovery tool, so if you screw up, you're borked until restore files become available. Also, it's only available on Windows, though that's probably not tooo much of a problem for most Android enthusiasts.
The full instructions, along with downloads, are available at Droid Forums. [Droid Forums via Phandroid via Verge]