Its been a long time since the developers started exploiting the iPhone firmware loopholes but with the upgrade to 1.1.1 the hacking scenario came to a standstill. After long days of silence, here comes the reply – Apple could not perfectly seal the iPhone from a 3rd party hack! Erica of TUAW fame began her live blogging adventure and she released a saying ‘iPhone 1.1.1 is Jailbroken’. Jailbreak is the only thing letting us off from accessing the iPhone internals and after this update, the demand for iPhones with …