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This guy is a member of the Chronic Dev team and his twitter is @pod2g I think. Looks like we may be getting one kinda soon

I hope so, then I can update to iOS 5

Hopefully it's a christmas gift like the rumor about the 3.73 jailbreak for ps3 coming out.

It will come out when they have got it on 5.0.1 and the iPad 2 and 4s dont want to waste the easily patched exploit. And PS3 JB will come out when either KaKaRoToKs works out the mltldr or what ever Math has worked out but wont share with anyone

Supposedly this is the same exploit that was found to do an untethered jailbreak on iOS 4.3.5 but they didnt want to waste it on such a small update as it added no extra features, only a minor security improvement.

I imagine this will be released a little while after christmas, but thats what i think.