Just recently, the legendary hacker, planetbeing, just tweeted that he finally was able to get unsigned code to be running on his iPhone 4S.
“@planetbeing: Finally got unsigned code running on my 4S with the stuff that will go into the new jailbreak!”
Unfortunately, planetbeing followed up his tweet to say that there is still a lot of work to be done before any release is possible. I urge everyone to be patience and appreciate that these hackers have been working a very long time just to get a jailbreak for us. We recommend that you update to iOS 5.0.1 right now and be sure to subscribe to our newsletter so that you can get an alert when the jailbreak comes out.