Here are some interesting news:
Finally! Engadget has confirmed that we have read/write access on the root partition for both the iTouch and iPhone 1.1.1 via the tiff exploit!
Update: We are currently working on a complete exploit rolled into one tiff. We hope to release soon, if we don’t pass out from lack of sleep, that is. Please check back for more news and don’t forget to donate!
Thanks to http://www.emuholic.com once again for the news.