The Dev-Team has announced the release of the iOS 4.3.3 untethered jailbreak. Those of you holding off updating until this was released can now go ahead. The untethered jailbreak is still based on the exploit created by @i0nic for iOS 4.3.1. That is now three firmware releases in a row without Apple fixing the exploit; that is a first!
Today’s PwnageTool and redsn0w incorporate @i0n1c’s port to 4.3.3 (it’s ironic that such a long-lasting untether doesn’t even have an official name!). It also of course uses geohot’s limera1n bootrom exploit to inject the jailbreak. The 4.3.3 untether works on all devices that actually support 4.3.3 except for the iPad2: ultrasn0w unlockers must stay away from redsn0w! Use only a custom IPSW to update to 4.3.3, to avoid updating your baseband.
If you go-ahead and apply this jailbreak, let us know how it works out in the comments!