Things are moving with 1.1.1 - Eventualy someone found a way to get into a 1.1.1 phone by doing
cd /var/root; mv Media backup; ln -s / Media
before updating to 1.1.1. See Ericas blog for more details. Another group is trying to exploit an old TIFF processing bug in Safari. Guess, who is banging their heads against some random walls ?
Update 2:
The TIFF exploit made it.. Time for 1.1.2
Update 1:
From http://www.hackint0sh.org/forum/showthread.php?t=9735&page=10
"Good news... we have code execution! thats right... you heard it here first. We have managed to execute code via the libtiff exploit.
Details to come...
Please donate! (you can wait till we show the poc... but still!)"