Just a few hours ago, @pod2g , a famous iOS hacker, posted on his twitter a video of a untethered jailbreak that he finally got it working.
In the video, it shows a iPod touch running on iOS 5.0. Pod2g showcased himself opening Cydia, indicating its jailbroken. He then switched off his itouch, and turn it back on, and reopened Cydia, indicating its a untethered boot.
This comes as a good news to us, seeing that Christmas is round the corner. A very good pleasant gift to all users out there waiting for a untethered jailbreak.
Right now as of posting, the untethered jailbreak will work on iOS 5.0 for all devices except ipad 2 and iphone 4s.
Let’s rejoice and wait.