TUAW reports that the dreaded firmware 1.1.2 update for the iPhone is ready for release. According to the report, 3rd party applications for the iPhone (and presumably the iPod Touch) has been disabled and all hacks based on the .TIFF exploit used to hack the older iPhone (and iPod Touch) firmware has been plugged.
The good news: the security flaw on the iPhone/iPod Touch has been fixed. This means that any malware that exploits the .TIFF vulnerability of Mobile Safari is kept at bay.
The bad news: the security flaw on the iPhone/iPod Touch has been fixed. This means all 3rd party applications that are available for both the iPhone and the iPod Touch is now rendered useless (unless owners does not update their devices).
And now for a Good-er news: TUAW later reports that the jailbreak for the iPod Touch's 1.1.2 firmware update is already in the pipeline. I guess it will just be a matter of time before the same happens for the iPhone.
I guess there's no stopping the iPhone/iPod Touch hacking community then
Graphics grabbed from TUAW.com
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