Yup, that’s right, the jailbreak has been posted online you can check it out here. But, remember…

This is not like AppTapp, it isn’t quite as graceful. Once you gain file system access it is up to you to install the apps.

Apple will most likely fix this in a firmware update in the not so distant future.

Be careful, and don’t hold me responsible if you brick your phone, I’m not going to do it and I’m not telling you to I’m only letting you know that it is available.

Oh, and good freaking luck because unless you are ready to throw away your iPhone and buy a new one I don’t think I would try it.

UPDATE: After writing this I came across this tutorial showing you how to install AppTapp on the iPhone. I’m not sure how well the applications run on 1.1.1 but I’m assuming it will at least get you started, like I said above, I’m only letting you know about this not telling you that you should do it, I’m not going to do it because I don’t want to brick my phone.