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We keep hearing about it, but it isn’t released yet. However, we can confirm from TUAW that it is coming very soon. The dev/elite team is working on it as we speak, and we are likely to see it released next week if all goes well. This jailbreak will work on both the iPhone and the iPod Touch. The jailbreak is based on a “soft update” which means that they have basically merged the files from 1.1.2 and 1.1.3. So you get the freedom of 1.1.2, and the cool new stuff introduced in 1.1.3. Sounds great.

This version of the jailbreak will have absolutely no disadvantages to it - unless, of course, Apple finds a way to brick it in a future update. But the hacking community is always working on ways around it - I’m sure they won’t give up. I think it’s time Apple gave in. Give the SDK free, open third party applications that don’t need to be authorized by Apple themselves, yet keep the security of it. The iPhone is based on Mac OS X - a secure operating system in the core - so there’s no reason for this to be a vulnerable device. Maybe someone could develop an iPhone firewall with the SDK - that would be cool. I’m sure Apple’s SDK will bring plenty more opportunities to developers in the sense that they will get full access to the development kit, meaning they will be able to embrace the true power of the OS - but at the same time, Apple will be choosing what apps go through and what apps don’t. So there won’t be any more multi-network hacks or compatibility with any sim card.

Via [TUAW]