In a blog post titled "Focused on A5" pod2g, the person responsible for the upcoming iOS 5 untethered Jailbreak, tells us the Jailbreak is almost complete... at least for non-A5 iDevices. pod2g has send all of the info and details to Chronic Dev who are going to put together the Jailbreak for public release. While they are working on that, pod2g will be focusing on getting a working untethered Jailbreak for the iPad 2 and the iPhone 4S. He hopes to find a "path quick" with a little help from Chronic Dev as well.
However, in the post he does mention wanting to wait for iOS 5.1 to be released publicly by Apple so that he can see if his exploit was patched. This could possibly mean we might have to wait until January for the release of the untethered Jailbreak but no official word from pod2g, just a thought. If he were to release the Jailbreak for iOS 5.0 and iOS 5.0.1 before the public release of 5.1, Apple could patch his exploit which "took months to find and develop". So if we wait for 5.1 to release we could possibly have the latest firmware untethered and Jailbroken. This of course means a longer wait, but a more recent Jailbreak.
What do you guys think?