Wow big surprise for those of us using hacked iPods/iPhones this morning. Installer.app was in its own updates notifications list. Interestingly, they reccomend running installer.app version 3 on 1.1.1 software. I guess its time to upgrade the iPhone to iPod level.
The interface is totally redesigned with a much better menu system. There are so many installable apps that the old menu system was being buried under the weight. This new one is a few levels deep so that it is much easier to browse the applications by category.
The bottom also has an iPod-like main menu and the application itself has a shiny new icon (that kinda looks like .Mac(!!).
There are a few bugs still left in the system as described in the About page on the app but none of them appear to be too significant. Expect a final version 3 shortly.
To download simply go to Installer.app
