Unconfirmed but hopefully true. Courtesy of Justin Nolan of ModiPhone.net;
EDIT: This has been confirmed as the Dev Team and Nate True have released a jailbreak.
“Multiple exploits have been found! That means the dev teams can keep one hidden away in their arsenal, and release a 1.1.3 jailbreak sooner rather than later. Information is scarce, but the best I can provide is that the iPhone/Touch Dev teams are working on software/scripts to make the process beginner friendly. The only ETA is “soon.” I will, of course, keep you posted. “
This hasn’t been confirmed yet but does mean,if true then we can expect a jailbreak method quite soon while the other remains hidden so when Apple releases 1.1.4/the SDK we could use the other method that Apple couldn’t patch (because they wouldn’t have known what the exploit is)
Link To Original Article