The kind folks over at Conceited Software/Touchfree have now released the jail break program to let you actually do something with your iPhone. According to Engadget, you will need to have a downgraded to (or remained with) Version 1.1.1 to make this work. This then upgrades you with Jailbreak, installs Installer.app and SSH.app and then upgrade it to 1.1.2. Kind of neat… huh?
Oh, plus you do need to have it activated with iTunes… not by any other means. You got to do something kind for a change.
Image credit to Engadget.