That’s right, you’re brand-spankin’ new iPhone 16GB is jailbreak-able. We’ve already covered instructions on how to jailbreak iPhones with v1.1.1/v1.1.2/v1.1.3 firmwares, so all you have to do is downgrade that your 16GB iPhone’s v1.1.3 firmware to v1.1.1 and jailbreak accordingly.
Find the instructions <a href=”http://www.intomobile.com/2008/11/23/iphone-dev-team-does-it-again-pwnage-tool-22-jailbreaks-iphone-22-os.html”>here</a>