Pod2g is one of the hackers in the jailbreaking scene that has been working around the clock to bring the untethered jailbreak on iOS 5 and iOS 5.0.1. Until 4 days ago, it is only rumored that the iOS 5.0.1 can be untethered jailbreak but in the latest development, he confirmed through a demo video of a successful stable untethered jailbreak on A4 devices such as iPhone 3GS, iPhone 4, 3GS, iPod Touch 4G, iPod Touch 3G and iPad 1.
5.0.1 Untethered Jailbreak iPhone 4
The latest video has clear the doubt of his ability to really jailbreak the iOS 5.0.1 and it’s of course a great reassurance to people who are eagerly waiting for iOS jailbreak. As of now he has passed it to the Chronic Dev-team for further testing and integration before releasing it to the public. Currently, he is working on untethered jailbreak iPhone 5 device (this means iPad 2 jailbreak is also possible)
Anyway, here’s the said video.
If you go back in time there is no successful untethered jailbreak since iOS 4.3.3 because Apple managed to patch up several exploits hence make every effort to jailbreak a futile one. Pod2g’s recent development is working stable on iOS 5 and iOS 5.0.1 but is not backward compatible. Even though it seems the best time to upgrade your iOS, I would wait rather until the official release of the iOS 5.0.1 untethered jailbreak.