Well, for those of you who have been waiting so patiently for the untethered iOS 4.2.1 Jailbreak, the wait is finally over. The iPhone Dev team has released a beta of their new untethered RedSn0w jailbreak, however, this clearly isn’t ready for primetime and isn’t for regular beta testers. If you’re daring enough, you can head over to this link to download the untethered RedSn0w jailbreak and see more info and details. I must warn you though, jailbreaking voids the warranty for your iPhone, iPod Touch, or iPad, so, be careful and always remember to back up your device as well. Enjoy!