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It's been widely reported that a combination of efforts from the iPhone Dev Team and the Elite Team have led to a successfully jailbroken iPhone running 1.1.3. Third party applications were subsequently installed on the jailbroken iPhone and reportedly work fine. The video shown below demonstrates the jailbroken 1.1.3 iPhone with 3rd party applications. The video has been 'confirmed' to be legitimate by a variety of sources.

One of the new features added in the recently released iPhone firmware 1.1.3 (view a complete list of official feature additions in iPhone firmware 1.1.3) is WebClips, which allows iPhone or iPod touch users to create icons on their home screen which link directly to web sites. Clicking on the icon launches Safari and loads the web site each icon links to.

As it turns out, all WebClip icons are not created equal. Though the typical icon that shows up on your home screen when creating a WebClip is basically a picture of the web site the icon links to (zoomed in to the degree Safari was zoomed in when the webclip was created), this isn't always the case. Some websites, like Google's mobile web applications and iPhoneFAQ.org (pictured above) will display a custom icon.

Though the WebClip icon for our humble site is, at present, pretty plain and straightforward - from our perspective it's still leaps and bounds better than

UPDATE: A downgrade for 1.1.3 is now available. More information can be found here.

Original article follows:
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For those of you who decided to try out the latest iPhone firmware in order to check out the new features, planning only to downgrade back to 1.1.2 or 1.1.1 after deciding whether or not the loss of third party applications was worth it, a bit of bad news has found (or shortly will) its way to your doorstep. As it turns out, what was previously witnessed with the leaked 1.1.3 firmware, holds true with Apple's official release - there is no way to downgrade to an earlier firmware version.

As mentioned, for the privileged few who got their hands on the leaked version of 1.1.3, the inability to downgrade firmware was witnessed a couple of weeks ago. Noted iPhone hacker Nate True posted on his blog on creations.net that the downgrade

As was widely predicted, iPhone firmware 1.1.3 was released today after the 2008 Macworld Expo and is now available for update via iTunes or via direct download. Most of the predictions about what new features would be coming with with 1.1.3 were dead on, mostly due to the fact that a version of the iPhone 1.1.3 firmware was leaked ahead of release.

The new firmware includes the following changes, add-ons, and fixes:

As expected, Steve Jobs just announced movie rentals via iTunes at this year's Macworld expo. Apple will be partnering with studios such as Warner Bros., 20th Century Fox, Paramount, Sony, Disney, and more. According to Jobs, the service will feature not only great first run titles, but a library of past favorites as well.