Want to jailbreak your 1.1.1 iPhone so you can access all its files and install third party apps? Don’t want to wait for Niacin’s patch to leave beta? Here’s a published method direct from the team. The hack applies only to the iPhone at this time and is not meant for iPhones with modified basebands.[…] Thanks to kris33 for providing this nice story on Digg.
iPhone Dev Team announces public iPhone 1.1.1 Jailbreak