The latest word regarding the 1.1.3 jailbreak, out of iPhoneAtlas, suggests that a version will be released to the public as early as tonight or tomorrow. The yet to be released jailbreak method will, like the 1.1.2 jailbreak, require a moderate amount of user involvement and knowledge -- a mix of scripts and user input. Thankfully, though, nothing along the lines of the very first iPhone jailbreak methods.
As we reported yesterday, the dev teams have now developed two different versions of the 1.1.3 jailbreak. The plan, as mentioned yesterday, is to release one method for iPhone owners to use now while holding onto the second method for
use after the iPhone SDK is released in late February.
It was also revealed that not all third party applications will work with 1.1.3, at least not until they are updated. Third party applications on the iPhone under 1.1.3 must run under restricted user mode, which denies applications access to /var/root. Many applications will need to be updated before they will work properly under 1.1.3.[via iPhoneAtlas]