So I accidentally dropped my iP4S in a sink full of clean water before and snatched it out about a second after it fell. I ran to the store to grab some rice and a zip-lock bag which I filled with the rice to put the phone in. Right after I dropped the phone, I turned it off and it stayed off. After I put it in the rice, I noticed a light in the bag and that the phone was on again. I turned it off and instantly it just turns itself back on. When on, the screen also sort of just barely visibly flickers real quick.
So now the phone is in the bag of rice and on. Fortunately, I do have AppleCare+ but I would obviously like to avoid spending $50 on a new phone and getting a phone with 5.0.1 that I cannot jailbreak. Can anyone with more knowledge of electronics advise me on whether the phone is toast and I should just cut my loses and go to the genius bar? If I'm going to do that, I'd like to restore the phone to factory settings before the battery dies so Apple will not know it is jailbroken and try to deny a warranty replacement.
So now the phone is in the bag of rice and on. Fortunately, I do have AppleCare+ but I would obviously like to avoid spending $50 on a new phone and getting a phone with 5.0.1 that I cannot jailbreak. Can anyone with more knowledge of electronics advise me on whether the phone is toast and I should just cut my loses and go to the genius bar? If I'm going to do that, I'd like to restore the phone to factory settings before the battery dies so Apple will not know it is jailbroken and try to deny a warranty replacement.