Cydia is Now Ready to Work on iOS 4.2

As noted by Redmond Pie, one of Twitter users has asked the popular iPhone developer Chpwn about the progress in the new Cydia. He has confirmed that Cydia is now ready for use on jailbroken iOS 4.2 devices.
EsMaNdAu: @chpwn how’s Cydia for iOS 4.2 Going….! #Thanks "For Just Reading Me"

Chpwn: In ready position.
As you know, iOS 4.2 public release seems very near (may be Friday?), Cydia is now ready on iOS 4.2, and also iOS 4.2 is already jailbroken with the latest Redsn0w. So, we won't wait a lot for the untethered jailbreak & unlock on iOS 4.2.