A new exploit discovered, might help in cracking 1.1.1 soon by the Dev Team at Hackintosh, claiming to have succeeded in code execution. What will inevitably follow is a code and a guide. This is Big! This seems to be reminiscent of the PSP/Sony showdown that the hackers cracked a year an a half ago involving a TIFF exploit. They are definitely up to something for both the Touch and the iPhone. This means that hopefully soon, one can write 3rd party apps onto his or her updated firmware of 1.1.1, once it's jailbroken. Also, they'll produce a hack for the file lockdownd and will allow your bricked phone to work normally! And inevitably, they'll have an unlock method; thus, your bricked phone will be a fully functioning phone once again, locked or unlocked. As for me, I'm still basking under the 1.0.2 3rd party apps! Here's the latest on decrypting the firmware.