Seems like it was only yesterday that the iPhone was first hacked. But now, it looks like the 1.1.3 firmware jailbreak is a reality! Many have gotten emotional about the 1.1.2 jailbreak getting "broken" after the 1.1.3 upgrade; fear not, you may well have a jailbreak for 1.1.3 soon enough! See the video -- there you have it, Installer.app working with a 1.1.3 iPhone.
Will this new jailbreak process be released in the immediate future? Who knows, but we can tell you that iPhone Atlas is reporting that the jailbreak requires a hardware modification of some sort -- leading me to believe that this hack isn't for the faint-of-heart. However, it might be worth it to wait until next month, where we should be seeing the official SDK from Apple.
Special thanks to everyone who sent this in!