We know the iPhone Dev Team is working on an untethered jailbreak for iOS 4.2.1, we previously saw a video of it in action, and now MuscleNerd has announced that it will be available before Christmas.
The iPhone Dev Team have set themselves a deadline of before Christmas to launch the untethered jailbreak, and it looks like they are on target to release it.
You can the untethered jailbreak for ios 4.2.1 in action in the video below.
We have no idea on the exact day it will launch this week, but at least we know that it should be available before Friday.
via Coated
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