1.1.3/1.1.4 on iPhone - safe to upgrade?

Yes, you're running the 1.1.2 firmware.

I'd do a restore in iTunes so you have the latest 1.1.4 firmware, and then unlock it using ZiPhone/iNdependence.

This will give you access to the latest Installer, and you'll get the extra features such as locate-me, and the extra UI tweaks.
 
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