NerveGas, Pumpkin, Edgan, drudge, dinopio, and asap18 have released their method to jailbreak iPhone’s running system software 1.1.1.

I strongly encourage you read the included README carefully and thoroughly; as stated in the introduction, “Jailbreaking iPhone software v1.1.1 is an involved process, but can be accomplished with the documentation here. The following steps will be explained in-depth. Please read them thoroughly before proceeding.”

Good luck!

Mad props to the entire team.

Download: Jailbreak for iPhone v1.1.1

Using some symbolic link trickery, iPhone hackers “dinopio” and “Edgan” have gained access to the iPhone’s file system — an iPhone running 1.1.1 that is! Unfortunately the file system remains read-only, with the exception of /var/root — you can of course write files there.

With this latest advancement we now have the ability to copy the entire 1.1.1 file tree for analytical purposes. Perhaps someone will figure out a method to activate the mobile iTunes Wi-Fi store (MobileStore.app) on 1.0.2 — if it’s truly not dependent on 1.1.1 frameworks. Only time will tell.

To learn more about this hack, follow the source link.

- source: tuaw