iPhone 4S and iPad 2 Untethered iOS 5.0.1 Jailbreak Just Days Away [UPDATED]

[Update: the initial breakthrough from pod2g hit a snag, though he has since assembleded a 'Dream Team' of the finest hackers to finally crack the untethered jailbreak]

Apple fans who want more from their gadgets than the Cupertino-based company has to offer, have been a bit spoilt lately.

Two days after Christmas all non-A5 iDevices received an untethered jailbreak for iOS 5.0.1 from pod2g. The hacker worked for two months before announcing the release of the jailbreak solution dubbed Corona; he also acknowledged the contribution of the iPhone Dev and Chronic Dev Teams.

In somewhat technical jargon that will sound sweet for all the developers out there but confusing for the rest of us, the hacker explains that for the Corona exploit, he used the discovery of a format string vulnerability in the racoon configuration parsing code (I always knew those racoons were a bit slack!)

But the eminent hacker has not been resting on his laurels since then, and now it seems there is finally good news for owners of A5-powered devices, as an untethered jailbreak for iOS 5.0.1 is just around the corner.

On his Twitter account on Tuesday pod2g announced that he has almost completed the exploit:

"I made a step today for the A5. With some luck we could expect a release in a week".

For iPad 2 and iPhone 4S owners this means that in a matter of days they should be able to set their devices free and enjoy all the goodies available on Cydia (like the AppStore for jailbroken iDevices).