Update 1: iOS 5 Final version has been released for Download and Jailbreak - Click Here
Two days ago we reported you that Comex -the guy behind JailbreakMe- is leaving jailbreak scene and joining Apple. Before he left the scene he announced some interesting news.
Comex has announced that MuscleNerd of iPhone dev-team will make JailbreakMe 4.0. Likely, JailbreakMe 4.0 will jailbreak iOS 5.0 and it may come specially to jailbreak iPhone 5 and of course iPad 2 on iOS 5.0.
So far there's no more details regarding JailbreakMe 4.0. Of course we will let you know with all updates, stay tuned.