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GeoHot has just posted a video on his blog showing a quick software based jailbreak for iPhone and iPod touch with OS 3.1.3 or 3.1.2, this jailbreak will be untethered which means you don’t have to jailbreak your iPhone or iPod touch again if you run out of battery.
GeoHot Said – 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.
Here is a video which shows the untethered jailbreak
There is information on when will this jailbreak will be released, as it looks like it will take some time before it gets released, but stay tuned if you want to know about it first, we will keep you updated. 
