I present you step-by-step instructions on unlock, activation and jailbreak of iPhone using new iLiberty+ utility.
Before all procedures, it is necessary to make a restore of your iPhone v1.1.4 through iTunes. iPhone should be connected to your computer and iTunes should find your cell phone after you have made a restore!

Step 1:
Download iLiberty+ v1.2 from HERE.

Step 2:
Click 2 times on downloaded iLibertySetup_1.2.0.65.exe file and start software installation procedure.

Step 3:
Press “Next” to continue process of installation of iLiberty+ v1.2.

Step 4:
Choose an installation folder for iLiberty+ and click “Next“.

Step 5:
Enter a name for iLiberty+  folder in “Start-up menu″ and click “Next“.

Step 6:
If you wish to create a desktop icon choose it below.

Step 7:
Now click “Install“.

Step 8:
After installation of iLiberty+ is finished, choose “Launch iLiberty” and click “Finish“.

Step 9:
iLiberty + will be opened in a new standard window.
Choose those actions which you wish to execute with the iPhone. Probably it could be all 5 actions at once.

Step 10:
Go to Payloads tab and choose additional payloads for iPhone unlocking or jailbreaking. Then go to Standard tab.

Step 11:
Click Go for it! to start process.
You will get a message that you need to re-connect your iPhone and to click Ok.

Step 12:
You will see a status line. Unfortunately, it will display only 13 % of installation process, and then will gone. Don’t worry, it’s ok. You won’t get any messages concerning successful installation of iLiberty ҝ.2, but the software will be installed. Enjoy it!