Hacked iPhones "Unbricked"

It appears that hackers have managed to come up with a method of "Unbricking" iPhones that were rendered useless by the 1.1.1 update a couple weeks ago. They have also found a way to allow owners of locked and updated iPhones to run 3rd party apps. They are using a TIFF image buffer overflow flaw in Safari to run code.

From the Article:

So the ball is once again back in Apple's court. It will almost undoubtedly release additional firmware upgrades that lock down the device - mobile phone operators who've agreed to hand over sizable percentages of their revenues from iPhone users in exchange for exclusive rights in particular countries will expect nothing less.

However, the smart money is on a softer line on third-party applications. Informed sources reckon Apple will soon start selling authorised applications from its closest development partners, who'll be offered access to software development kits.