Geohot is working on a new Untethered Jailbreak for iPhone, iPod Touch and iPad
Geohot, the famous iPhone hacker and the creator of different jailbreak and unlock utilities (purplera1n, blackra1n and blacksn0w), is now working on a new jailbreak utility. It will support untethered jailbreak for all devices with the latest bootrom and the latest firmware. This includes iPhone 3GS and iPod Touch 3G.
Here is what Geohot writes in his blog:
The jailbreak is all software based, and is as simple to use as blackra1n. It is completely untethered, works on all current tethered models(ipt2, 3gs, ipt3), and will probably work on iPad too.
Don't ask about a release date. You won't make it happen any sooner.
It is still unclear if he used one of the recent iPhone Safari hacks to gain control of the device or if this is something else.
Here is a teaser video: