iOS hacker and jailbreaker @pod2g has recently posted a tweet that says he and his team (Chronic Dev team) have found the required exploits in iOS to do a new jailbreak. He says that he is now working on bypassing ASLR at bootup. @pod2g has been working on this jailbreak for a few months and it seems that he has finally got some success required in converting the exploits into fully working jailbreaks for iOS users. No ETA has been given at this point of time, but expect the release of this jailbreak soon.
News: we have all exploits required to do a new jailbreak. I’m working on bypassing ASLR at bootup.
— pod2g (@pod2g) April 18, 2012
We will let you know as this story develops more.