Following the release of iOS 4.3.5 this morning, we issued our usual warning about staying away from the latest firmware so that you don't lose your jailbreak or unlock.
This warning is still in effect for those who don't want a tethered jailbreak. For the rest of you who don't mind plugging your iDevice in your computer every time you have to reboot, the word on the street is that RedSn0w can jailbreak iOS 4.3.5...