This update includes the iTunes Wireless Store, but if you have an unlocked iPhone, this may really affect your phone. According to Gizmodo, the software update will work fine on simlocked iPhones, however, if your iPhone is unlocked this software brings your phone back to activation screen which eventually fails to be activated! So unlocked iPhones don’t go for this update (this is currently the safest recommendation)! Gizmodo has confirmed this fact with iPhones which have been unlocked using hacks provided by anySIM and iPhone Sim Free, whilst at the same time, third party applications also won’t work after this update is installed.

Summary of v1.1.1 iPhone software update:

• iTunes Wi-Fi Music Store
• Louder speakerphone and receiver volume
• Home Button double-click shortcut to phone favorites of music controls
• Space bar double-tap shortcut to intelligently insert period and space
• Mail attachments are viewable in portrait and landscape
• Stocks and cities in Stocks and Waether can be re-ordered
• Apple Bluetooth Headset battery status in the Status Bar
• Support for TV Out
• Preference to turn off EDGE/GPRS when roaming internationally
• New Passcode lock time intervals
• Adjustable alert volume

There is currently still a massive debate on Gizmodo as to how this v1.1.1 will work on sim hacked iPhones and many readers have been pitching in to provide their comments about this, to view the latest news, use the link below.

[via Gizmodo]