Less than two days after Barnes & Noble's 1.1 update to the stock ROM went live, there's already a rooted version of it ready to be flashed.

Developer Decad3nce managed to create the pre-rooted zip file, which is installed via a simple Clockwork Recovery flash.  To those rooted NC users concerned about receiving the root-breaking update over the air from B&N, this is a surefire way to get the features of the newest update (including improved Wifi and pinch-to-zoom in the stock browser) and to maintain root.

Nook owners should take notice that this doesn't root those Nooks that have already received the update; rather, it provides a rooted installation of the update for those still on the previous firmware update.

After backing up your current ROM, grab the zip here, flash via Clockwork, and then tell us all about in the Nook Color forums!  [xda-developers]