The wait for iPhone users is finally over: an untethered jailbreak for iOS version 4.3.1 is now available from the iPhone Dev Team, almost three years to the day after the first version of PwnageTool was released for 1.1.4.

While the jailbreak, which comes from "antid0te" developer Stefan "i0n1c" Esser, works on all 4.3.1 capable devices -- the iPhone3GS, iPhone4 (GSM), iPod touch 3G, iPod touch 4G, iPad, AppleTV 2G -- it will not function with the iPad 2. 

"The reason the untether won’t work as-is on the iPad2 is that it requires a bootrom or iBoot-level exploit to install, and the iPad2 is not susceptible to either the limera1n or SHAtter bootrom exploits," Dev-Team Blog explains.

One additional warning: ultrasn0w users are being cautioned not to update yet, because ultrasn0w needs to be updated to fix some incompatibilities with FW 4.3.1.

The Dev Team recommends using its redsn0w to implement the untethered exploit, because it works on both Mac and Windows. IClarified has all the required links and tutorials for first-time jailbreakers.