Good news fellas, iPhone dev team has achieved 1.1.3 jailbreak on both the iPhone AND the iPod Touch!!
here the status thread for iPhone 1.1.3
http://www.modmyifone.com/forums/showthread.php?t=25725
And the video-proof of the hack:
{youtube}idxxKVM1Cno{/youtube}
finger crossed for unlock 🙂