The iPhone 5 running Cydia we all saw several days ago is in fact a failbreak, as Cyril (@pod2g) describes at WWJC (World Wide Jailbreak Convention) this past Saturday. Don't worry yet, iPhone 5 users. Cyril states, "That doesnt mean that there wont be an iOS 6 jailbreak eventually, but dont expect one to be released for months."
Source: Don’t Get Your Hopes Up, There Is No Jailbreak For iOS 6 [JailbreakCon] | Cult of Mac
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