Following up on earlier news that an untethered exploit was handed over to the Dev-Team from developer Stefan Essen, prominent Dev-Team member @MuscleNerd tweeted that the exploit is working and they're hammering out remaining jailbreak issues at this time.

well @i0n1c's untether is solid! Just working out overall 4.3.x JB issues and Cydia :)

It looks like we could see a working untethered iOS 4.3 jailbreak tool released soon based on the progress update, but remember it won't work with the iPad 2 unless a new vulnerability is found and implemented (Apple patched the userland exploit found by Comex in 4.3.1).

Do you think we'll see a jailbreak released for 4.3 soon? Sound off in the comments below!