The renowned hacker of iPhone, George Hotz, also knows as GeoHot has announced an under development tool which will Untethered Jailbreak iPhone and iPod touch running on OS 3.1.3, and most probably, also the upcoming iPads. Though there OS would be different, but same technology could be developed further.

In his blog, he gave the following statement:

The jailbreak is all software based, and is as simple to use as blackra1n. It is completely untethered, works on all current tethered models(ipt2, 3gs, ipt3), and will probably work on iPad too.

Don’t ask about a release date. You won’t make it happen any sooner.

Here’s the video by GeoHot demonstrating Untethered Jailbreak on an iPhone.