We walked you through a jailbreak earlier today. It's tethered, which isn't always fun, especially if you have an iPhone. Plugging in your device with each reboot can be a chore.
Earlier today, iOS hacker Stefan Esser, the person responsible for the untether exploit we found in the last iOS jailbreak (iOS 4.3.1) gave a little insight, explaining why:
The dev-team cannot produce the untether binaries on their own, because they don't have the source code to the untether exploit.
As of now, the iPad 2 cannot be jailbroken. However, anyone who wants to jailbreak their current iOS 4.3.2 devices (other than the iPad 2, of course) can run PwnageTool, but the process is a honestly a pain and we really don't recommend doing it if you own an iPhone. Still, that's your call, and you can find the instructions here. It requires some Terminal magic and a lot of tools to be downloaded. If you have any doubts about it, we'd say just skip this for now and wait for an untethered jailbreak.