UPDATE: Someone leaked the detail to jailbreak iPhone 1.1.1. You may want to check it out here.

UPDATE: Jailbreak iPhone and iPod Touch is available. Check out the tutorial right here. 

The day is here. Toc2rta has released its tool (in beta) to Engadget Ryan Block to jailbreak iPod Touch 1.1.1. In addition, iPhone 1.1.1 is also under testing. More iPhone re-hacked and iPod Touch jailbroken reports right here (EDIT: Engadget now confirmed the jailbreak for iPod Touch 1.1.1 is working.) The new iPhuc looks like to be released very soon in this week. If you are interested, you may join irc.toc2rta.com and connect to #betatest to chat. They will only release the tool to tester only so be patient.

Next step: re-unlock iPhone 1.1.1?