Even though the twitter updates from Geohot and Dev Teams indicates that the iPhone 3.1.3 with 05.12.01 baseband jailbreaking tool is there and will soon hit the internet but still there are no specific dates and time frames to count.

If your iTunes ask you to have the latest firmware before you can install any new app then there is a hack to bypass the requirement.

Good news from George Hotz or Geohot, he has just announced that he has successfully unlocked the latest unbreakable baseband of iPhone 05.11.07.
Geohot, who first jailbroke OS 3.1.2, is now also the first to crack the 3.1.2 baseband. Previously, anyone who had unlocked their phone at version 3.0 or lower was fine as long as they were careful when upgrading, but anyone running 3.1 or higher was out of luck.
The new app called, Blacksn0w, will allow iPhone users to …