After a bit of a wait yesterday (and all last year for that matter), the jailbreak everyone has been waiting for is out now.
It's compatible with ALL models of iPhone, iPad, and iPad mini running iOS 6.0 - 6.1. The FAQ says to disable any passcode lock first, and also back up to iCloud or Mac/PC (of course!)
Just ran the process on my 4S and it took about 5 minutes....halfway through the process it installed an app on my home screen called Jailbreak, which I had to run manually but once you tap the icon the Windows/Mac/Linux app does the rest for you, including setting up Cydia.
Anyone rocking this jailbreak now? How'd it go for you? Any problems/errors?
EDIT: Also be aware that Cydia is getting HAMMERED, so it's nearly impossible to install any apps or tweaks right now. This should get better over the course of the day but for now you'll probably get a lot of: NetDB: Open nodename nor servername provided, or not known or HTTP:/1.1 500 Internal Server Error type errors