Earlier a group of hackers split off from the now infamous iPhone Dev Team. Not to be outdone, the Dev Team today announced a publicly available hack for iPhone update 1.1.1. Will the iPhone hacking controversy every end?

Here is a look at the latest iPhone hack:

Here's a published method direct from the team. It may look similar to the iPhone Alley hack that is making the rounds but this isn't a derivative or leaked guide. This hack provides jailbreak, activation, and third party applications. The iPhone Alley hack is a actually copy of an early team method that someone leaked.

So does that mean this will be more reliable or a better version? Not necessarily. However, the guys have been working hard on this for quite some time and they are pretty confident about their method.

This hack does not appear to have been fully tested yet, so be warned. You can follow the link for the rest of the information about this hack, including a zip file detailing the operation.

So, how many of our readers have tried the new iPhone hacks? If you have, please post your stories below.