Great news! The iPhone 5 has been jailbroken! Chpwn has posted two iPhone 5 screenshots, in which he shows Cydia installed and running on the new iPhone 5.
iOS 6 jailbreak
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iPhone DevTeam Updates Redsn0w To Tether Jailbreak iOS 6
Just like at the wind-down of last year’s WWDC, the iPhone DevTeam is releasing a developer-only version of a redsn0w tethered jailbreak for app developers.