Apple has released iPhone firmware 1.1.2, currently you can’t get the update through iTunes you actually have to download it from Apple’s website (download here).
The TIFF exploit is dead but the update doesn’t seem to have any added features, just new languages. Reports are also saying that the iPhone seems to be a bit faster with this update. The jailbreak from 1.1.1 is broken however iPod Touch version 1.1.2 has been jailbroken. If your curious about the jailbreak find out more at TUAW.
From all that I’ve read, iToner does still work just fine.
For more information on the release check out Engadget’s post about it, there should be a steady stream of comments on that post of peoples experience with it.