While the iPhone Dev Team is working hard to bring untethered Redsn0w 0.9.7 jailbreak, Chronic Dev Team member Joshua Hill behind GreenPois0n jailbreak tool has just posted on his Twitter account that he'll bring untethered jailbreak for iOS 4.2.1 by the next GreenPois0n version.

p0sixninja: A lot of people are saying another tethered jailbreak is pointless, I agree. Focusing on getting untethered before release

More interesting news that this won't require SHHS blobs for 4.2b3 unlike the iPhone Dev Team's Redsn0w 0.9.7, according to a reply for someone asking if it is based on the same exploit Comex working on, and whether or not it will require SHSH blobs for 4.2b3 unlike Redsn0w 0.9.7.

There's no ETA yet but we'll come back with more updates ! [Source: Twitter]

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