It's finally time for all you Telus Milestone owners to finally have root access on your device! Over at AllDroid they have compiled instructions based from the knowledge and information of many different developers and hackers within the Android community. While the rooting for this device, which includes having to flash to a Brazilian .sbf file, is a bit more intricate then many of the other devices at least it is a start. It doesn't appear the kernel is yet available, but beggars can't be choosers, can they?
Keep in mind, this is a risky process, and should be done at your own peril (or at least at your phone's peril). If you have questions, or need help with this process, jump into the forums. [AllDroid via Boy Genius Report]