While the file on their official downloads page (psjailbreak.com/downloads) is still named "manager.pkg" as the old version at the moment, it does display v1.1 on the screen and offers discless booting (press SQUARE when booting a game) and reportedly features improved PS3 game compatibility.
To quote: "Time will tell very shortly what is true and what is not, here is an earlier chat with them:
[16:21:07] Smeemi: Hi there!
[16:21:15] Smeemi: What are your promotions?
[16:25:16] Smeemi: and is the backup manager 1.1 coming out today?
[16:26:04] PS Jailbreak Sales: Yes
[16:26:11] Smeemi: What time?
[16:26:12] PS Jailbreak Sales: It will be on our site in 30
[16:26:15] Smeemi: 30 minutes?
[16:26:57] PS Jailbreak Sales: Yes
[16:26:59] Smeemi: Thanks
[16:27:09] PS Jailbreak Sales: Your welcome
[16:27:52] Smeemi: Any good features ?
[16:28:55] PS Jailbreak Sales: Compatibility with more game and ability to play with no game in disc drive
[16:29:09] PS Jailbreak Sales: We have been working more on updates fo 3.42 and 3.5
[16:29:15] Smeemi: Ok, great!
[16:29:16] PS Jailbreak Sales: That is more important for our dealers and users
[16:29:36] Smeemi: Compatibility wise.. do games like Modern Warfare 1/2 work now
[16:29:36] Smeemi: ?
[16:31:35] PS Jailbreak Sales: Yes
[16:31:53] Smeemi: Thanks"
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The same filesize does not mean it's the same file. With that said, from the comments i've read so far, it still doesn't work with modern warefare (not sure if any other non-working games are working).
1. None of the major updates were released. (NTFS, PS2, PSX, OTHER FIRMWARES)
2. Reported date that this back-up manager was created is Sep 2. ?
3. Lots of users already reported that there is terrible play-back with-out Blu-ray
4. Custom Pay-load is supposed to be released which you will have to pay for.
5. Insert more problems here
Overall I think people on here will understand the contribution made by the PS3 hacking community over the last few months has completely surpassed the PSJB development team.