Today, Pod2g has released a new video showing the current status of the iO 5.0.1 untethered jailbreak running on an iPhone 4. According to him, the jailbreak for ALL A4 devices ( excluding iPhone 4S and iPad 2 ) is ready for prime time, so expect it to drop in the next couple of days.
In the mean-times, read more about the untethered jailbreak here. We will keep you updated. Stay tuned…