Although Apple has yet to officially release the 1.1.2 software updates for the iPhone and iPod touch through iTunes, hacker planetbeing has already performed a jailbreak on a 1.1.2 iPod touch, and has released a screenshot taken from device.
Jailbreaking is a process that allows third-party native applications to be installed on the iPhone and iPod touch.
According to TUAW, “details will be forthcoming as the method gets debugged and safety-features put in place.” It is currently unknown how difficult this new jailbreak process may be, nor is it apparent whether the process will work on the iPhone as well.
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