UPDATE: Seems we were informed wrongly. This is actually regarding the iPod TOUCH not the iPhone, though it is highly likely that it will actually break you into both devices. Either way it is about the version 1.1.2 firmware which HAS been hacked. You can get the direct dish over at TUAW. Our original coverage remains below for a little extra enjoyable reading.

The Brits have their release of the iPhone today and most were worried that the new iPhone firmware was going to mean they are pinned to O2 like a tail on a donkey for the foreseeable future.

Well it looks like they will for a few days, maybe less, but if you own an iPod Touch then you need not worry your noggins any longer as that crazy Erica Sadun just announced that the new version of the Firmware for the iPhone iPod Touch (version 1.1.2) has already been hacked like a Piñata.

If you want to check out the details and hack the 1.1.2 firmware on your iPhone iPod Touch then simply head over to TUAW for the juicy goodness.

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