Apple has released 7 beta versions of iOS 5 so far and 8th beta will be released on 16th September, hopefully. You might know that all iOS 5 betas have been jailbroken(tethered) on all iOS devices expect the iPad 2 and when the final version of iOS 5 arrives, users will be looking to jailbreak it. Till then there was news around if the jailbreaking community is working for iOS 5 jailbreak or not. But yesterday, iPhone hacker @pod2g, tweeted on his twitter account that Cronic dev-team is actively working for iOS 5jailbreak.
“Yeah, the whole chronic-dev team is still alive and actively working on iOS 5 !”
Also, there are folks around who have accidentally upgraded their devices to version 4.3.4 or 4.3.5 and are unable to downgrade to previous version. If you are one of them and are looking for untethered jailbreak on iOS 4.3.4 or 4.3.5, then let me clear this that there will no untethered jailbreak until iOS 5. Though you can jailbreak 4.3.4 or 4.3.5 except on iPad 2 but it will be a tethered jailbreak. Better wait for iOS 5 and its untethered jailbreak which will be available soon, hopefully.