As far as I know, the dev team (there is only one now, the Elite Team worked with the Dev Team) is holding off on the release of the JailBreak until after the SDK is released. That way, even if Apple requires another firmware update (1.2, 1.1.4, whatever) in order to use Apps downloaded through iTunes (somewhat incorrectly referred to as waiting for the SDK), we will all still be able to JailBreak, leaving us with access to a JailBroken iPod/iPhone AND the ability to download applications through iTunes. That said, they are also working on back porting the 1.1.3 applications to work on 1.1.2. Be patient, as there is a good chance they will be out soon. Also, you might not want to jump the gun to jailbreak 1.1.3 as soon as it is released, as many of your applications won't work. The applications launched from SpringBoard no longer have the same root access (say good bye to things like Customize). Installer is being reworked to try to fix that for JailBroken applications. Others would have to modify their applications. In other words, 1.1.3 might not quite yet be the utopia you are all imagining it to be. Source: planetbeing, et al.