Some encouraging news was revealed this morning via Twitter for all of you dying to have an iOS 5 untethered jailbreak. It appears that Chronic Dev Team member pod2g has found a bug in iOS 5 that will make it possible for an untethered jailbreak.
The team of hackers already confirmed to have found multiple exploits in iOS 5, but this is the first news that we've had in a while regarding the progress of an untethered jailbreak...