With the release of firmware 1.1.3 all of our rumors were answered. The new firmware now allows users to change their homepage, has gps capabilities and a few other features.

Now keep in mind if you update to the new firmware there a few things that will happen. If you have an unlocked phone, it will become bricked and no good. If you have a jailbroken iPhone or iTouch it will not be jailbroken anymore and there is no word as to when a new jailbreak release will be out.

The update is great but if you have a great deal of jailbroken applications it might be best to wait.