This times it’s a collaboration between the iPhone Development team and the iPhone Elite. Firmware 1.1.3 has been jailbroken. With the jailbreak, you can install third-party applications on both the upgraded iPhone and iPod Touch.

The method will not be released until the jailbreak team can figure out an easy way for users to do it themselves without professional help. the process is very complicated. For now, let this suffice: iPhone firmware 1.1.3 is code-named “LittleBear.” And of course, they have a video of a jailbroken iPhone for us.

The YouTube video after the break.