The iPhone Dev Team members, Saurik and Chpwn, are up to a final version of Cydia that will support iOS 4.2. According to a tweet by MuscleNerd, the revamped Cydia app is almost ready. Apple has already rolled out iOS 4.2 GM and iPhone Dev Team may delay the release of Cydia app until iOS 4.2 public version is released.



After this, the next step is surely an iOS 4.2 jailbreak. Though Redsnow 0.9.6 b2 can jailbreak the iOS 4.2 GM on certain iDevices, but a limera1n based universal jailbreak is being expected for all iDevices.

There are also speculations that iOS 4.2 jailbreak will be an untethered jailbreak for only those who have saved SHSH blobs for iOS 4.1. The remaining users might receive tethered  iOS 4.2 jailbreak. So hurry up and save the SHSH Blobs before Apple stops signing the old firmware.