No one knows when iPhone 5 is going to launch, but the folks over at MyGreatFest say iPhone 5 jailbreak could be released at MyGreatFest – the world’s first iDevice convention. P0sixninja has also confirmed that he most probably demonstrate the jailbreak in a reply to MyGreatFest’s tweet. In the same tweet Joshua Hill also says since Comex is focusing on iPad 2 Jailbreak, he is more likely to work on the upcoming iPhone, which is rumoured to called the iPhone 5.

If you don’t know about MyGreatFest, have a look at their beautiful website.