The iOS 4.2 jailbreak may be delayed because Cydia is not yet ready for the new firmware, according to a tweet from Comex.
However, a 4.2 jailbreak might be delayed because Cydia doesn’t work on 4.2 yet. Not sure how close @chpwn is to finishing his fixes.
Comex also noted earlier that anyone with blobs for 4.1 or earlier should be able to get an untethered 4.2 jailbreak.
Anyone with blobs for 4.1 or earlier should be able to get an untethered 4.2 jailbreak; this is not done but is being actively worked on.
Apple yesterday released the new iOS 4.2 GM Seed firmware to developers which indicates the public release is coming very soon.
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