looks like we're still waiting. but it's always good to see some documented progress! kudos to the dev team
+asap18 on the iPhone IRC got this pretty screenshot.
pf edit, the basics:
"So what does this jailbreak mean?
Third Party apps run. Kind of. We probably have to recompile many of them for the new frameworks because many of them crash.
Springboard no longer recognizes DisplayOrder.plist. And the list of "whitelisted" apps (that is, the official Applications including Safari, Photos, Calendar, etc) seems to be hard-coded into Springboard.app
The iPhone has been activated via third-party workarounds.
The 1.1.1 binaries barely work with 1.0.2 -- at least not well enough to run the music store without major hacking.
The Mobile Terminal App works on 1.1.1.
The entire bsd suite still works -- as do standard command-line utilities compiled for ARM.
1.1.1 references both com.apple.mobile.radio and com.apple.mobile.nike.
The jailbreak method is nowhere near ready for prime time. So please be patient."