iOS 4.2.1 Jailbreak is released
Engadget has announced that the much awaited Apple iPhone 4 jail break is finally out. Don't start syncing your iPhones just yet. This is a tethered released, meaning owners of the iPhone 4, iPad, and newer iPhone 3GS and iPod touch models will have to reattach to a PC or Mac to boot into a jailbroken state each time your device loses power or needs a reboot. If your device shuts down, it will have to be jailbroken again.
If you want a permanent ultra slow unlock, don't worry, normally after this release, the more permanent on for the less techie ones among us is just around the corner. Hit the source link if you just cant wait for the ultrasnow release.
Source : DEV-TEAM BLOG
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