While you may still be waiting for the latest iPhone 1.1.3 jailbreak to be released, some have decided not to wait and opt out of this and instead downgrade 1.1.3 back to 1.1.1 (yes, two firmware releases down!).
It does involve some downloading, extracting and the instructions for doing so are in the video below, some are still skeptical about whether this actually works for the iPhone or whether it’s just Touch? But HackTouch claims that it will:
Here’s the download link HackTouch mentioned if you’re interested in downgrading: