pod2g has handed over the keys to his iOS 5 untethered jailbreak for A4 devices (which includes the iPhone 4) to the Chronic Dev Team. In doing so, he hopes to focus primarily on the A5 jailbreak, which covers the iPhone 4S and iPad 2.
Since the untethered jailbreak for pre-A5 chip devices is basically finished, this will allow pod2g to get the iPhone 4S jailbreak back up to speed. This is very good news for owners of both A4 and A5 devices, because that means that both are being heavily worked on simultaneously...