You may know never to fight a land war in Asia, or to engage in a battle of wits with a Sicilian when death is on the line, but only lesser known is this: never bet against the hackers. Human ingenuity is a powerful thing, especially when fueled by a desire to overcome obstacles.
So I don’t find it surprising in the slightest that people have started to find ways around the blocks imposed by Apple with the 1.1.1 software update to the iPhone. We wrote the other day of the first reports of hacking, but it looks as though work has accelerated since then, with at least one set of instructions to hacking your iPhone appearing online. Unfortunately, there exists no solution as simple as the old AppTapp installer; you’ll need a fair amount of technical savvy and courage to get your apps back, but if you’re feeling up to it, it appears it can be done.
Worth noting: these hacks appear to depend on an vulnerability in Safari’s handling of TIFF images; as this issue is a security vulnerability, expect it to be patched by Apple tout de suite. I don’t plan on trying this out unless it becomes somewhat less tenuous, so proceed at your own risk.
sounds cool but Erica Sadun says its a leaked earlier so the offical iPhone Dev Team's might be better
http://www.tuaw.com/2007/10/10/iphone-dev-team-announces-public-iphone-1-1-1-jailbreak/
I have to agree with the "wait and see" approach. This has served me well since I have a non-bricked iPhone at 1.0.2 and my 3rd-party apps in place. No sense risking it now, until this proces is fully fleshed out.
I have an iPhone, love the phone and what it can do out of the box. The 3rd party apps would be great addition and would love to explore them. OK, so when someone comes up a hack, would that not be perhaps short lived? I mean each time Apple issues a patch or upgrade, would it not disable the phone again??