iOS 5.1 untethered jailbreak
Instead of waiting for jailbreakme, if you really want to jailbreak you can use redsnOw it jailbreaks iOS 5. But I'm going to wait for jailbreakme to jailbreak iOS 5 because they are the easiest to use and it is pretty much impossible to mess it upp
New iPads that come with iOS 5 do not require a computer to setup your iPad. If it's older than iOS 5 then yes you need a computer for setup.
Yes it is, but it will be a tethered jailbreak as there is still no untethered jb out there
P0sixninja sells iPhone 5 and iOS 6 jailbreak exploits to an Apple employee
No.
No you just update form iTunes
You can jailbreak it semi-tethered but not untethered at the moment. search on Redmond Pie for a tutorial
If its iOS 4 to iOS 4.3.5 then go to JailbreakMe.com If it has iOS 5 to iOS 5.0.1 use Redsn0w (provided down below in related links)
It has already been released, the jailbreak provider is called redsn0w.
To jailbreak an iPhone 4 you need to download redsn0w. For better info go to youtube and search ' how to jailbreak iPhone 4 on (whatever your OS is .example: IOS 5).'
Ya you can jailbreak most ios firmware except 4-3-4 & 4-3-5 & 5-0