Dream Team is making some major headway when it comes to jailbreaking the iPhone 4S and iPad 2 running iOS 5.0.1. Pod2g and others on the team have been working hard to jailbreak the iPhone 4S and iPad 2, both of these devices use the A5 chip which has proven to be a tough one to crack. But the iOS Hackers do not give up easily. Last few days have been very exciting and much progress has been made, pod2g posted a video on youtube showing an iPhone 4S with untethered Jailbreak on iOS 5.0.1.

To be noted on a few days earlier pod2g had confirmed on his blog ” jailbreak is only a matter of days away”.

Much progress has been made on the iPad 2 Jailbreak as well. Only a day after pod2g demoed the iPhone 4S jailbreak, he posted an image showing an iPad 2 jailbroken and running Cydia on iOS 5.0.1. Since both iPhone 4S and iPad 2 use A5 chip, the jailbreak will work on both devices once it is released into the wild.

 @planetbeing also tweeted a photo of an iPad 2 that has been jailbroken. He confirmed that the popular Jailbreak tweak “IntelliScreenX” that he helped write works on the iPad 2 right out of the Box.

The iPad 2 and iPhone 4S jailbreak is Almost here! As of right now jailbreaking the iPhone 4S and iPad 2 has only been successful on the iOS 5.0.1.

If you are looking forward to jailbreaking your iPhone 4S or iPad 2, if you haven’t already we suggest that you upgrade your iDevice to iOS 5.0.1 as fast as possible via iTunes. Apple may release an iOS update to counter the jailbreak. If your device happens to be not the iOS 5.0.1 and Apple releases a new version you will not be able to jailbreak your iPhone 4S or iPad 2. You can also back up the SHSH blobs of your iDevice in order to make sure you can downgrade your iDevice to iOS 5.0.1 in future by using TinyUmbrella.

Download the iOS 5.0 –  [iPhone 4S]: iPhone4,1 5.0_9A334_Restore.ipsw