On his blog iOS pod2g the hacker posted a video of his untethered jailbreak iOS 5.0.1 on iPhone 4. That the iPhone 4 iOS 5.0.1 to jailbreak by pod2g is after his previous blog posts no surprise, but the video is meant to reassure skeptics who feared that the jailbreak would be suitable only for older iPods. According pod2g the jailbreak almost suitable for release and users need to have some days patience.
The patches that are executed during the jailbreak process according pod2g same as redsn0w from the iPhone Dev Team and users would also have the same degree of stability to the new jailbreak expect. The boot process takes at present about 15 seconds longer than normal, but pod2g think this could charge 5 seconds.
Users with an iPhone 4S or iPhone 2 will be even longer than patient for users of other devices. The jailbreak is because the iPhone 4S and iPhone 2 is not as far advanced, and the decision has yet been made whether the jailbreak in the first instance of it on the A5-chip-based devices will be made available.
Here is a new video demo of the current status of the jailbreak 5.0.1 running on an iPhone 4.
This is meant to reassure People that were thinking it only works on older iPods.
The jailbreak is near ready for prime time (Excluding 4S and iPad 2).
Patches are the Same as redsn0w's. Expect the Same level of stability.
Some more days to wait. Be patient, we're doing our best.