This is pretty awful news....
Source
Link to Geohot's updated blog post
Geohot Withdraws from iPhone Jailbreak and Unlock Scene
By Taimur Asad | July 12th, 2010
In an unexpected update to his last blog post titled “Meh”, Geohot has announced that he, for the time being at least has kind of abandoned the whole iPhone jailbreak and unlock scene. The reasons according to him are as follows.

"Sorry, this post was probably a bad idea. Next time I won’t say anything. I miss when this blog was actually about technical things(I’ve been reacting too much to the feedback, which led it to the place it’s in now). I didn’t fully realize most of the current scene don’t care unless they are getting something. Now I do. It’s late tonight, I’ll think about what to do about this in the morning.
The real reason behind no release isn’t technical. It’s just that it will never stop, after blackra1n, people demand unlock, after blacksn0w, people demand untethered. I miss the days when jailbreaking and unlocking were difficult, it attracted a much higher caliber crowd.
Also, to the haters, the picture is quite obviously fake
While I respect this guy for all his contributions in the past, and I understand the reasons he has put in, there is still something about this whole story which makes me wonder if Apple has something to do with this. Maybe he was offered money?, or maybe he was threatened with criminal charges for continuing? well who knows. He showed off a untethered jailbreak for new iPhone and iPod touches back in March, followed by a jailbreak for iPad and iOS 4 Beta in April, but none of them ever saw light of day makes no sense to me.
For those of you who don’t know, George Hotz (Geohot) is the guy who first unlocked the original iPhone in 2007, followed by first jailbreak for iPhone 3GS, and then later he was the first one to provide all-in-one jailbreak / unlock solution for iPhone 3.1.2 firmware through his famous tool, named blackra1n and blacksn0w.
So where does that leave us – the iPhone 4, iPhone 3GS (new bootrom) and iPod touch 3G users? Well, Comex’s Spirit like jailbreak tool is now the only hope. It will probably be released once Apple rolls out the new iOS 4.0.1 / 4.1 firmware update for iPhone 4, 3GS and 3G.
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