The latest news of iOS 5 untethered jailbreak for iPhone 4S and iPad 2 (A5 devices) from the hacker community has left everyone excited. Dream team member MuscleNerd on iPhone Dev-Team's blog said, Corona A5 jailbreak nearly ready to pop!

MuscleNerd is certain that the Corona A5 jailbreak will be out soon as testing has shown most of the bugs have been fixed!

The hacker revealed that the dream team has overcome all technical hurdles and has the ability to release the untethered jailbreak for iPhone 4S and iPad 2, but the team needs more time to make the jailbreak perfect.

Due to the combined efforts of @pod2g and members of the iPhone Dev Team and Chronic Dev Team, we’re nearly ready for a general release! MuscleNerd said. All technical hurdles dealing with the underlying technique have been overcome, and it’s now all about making the jailbreak as bug free as possible.

MuscleNerd also said all the dream team members are working hard, and he has implored the fans to be patient.

On his blog, @pod2g playfully nicknamed the combined effort a 'dream team'. It’s an ironic name, because the past few weeks have left everyone involved with very little sleep and the opportunity to dream :) MuscleNerd continued. But we’re now near the final stages of testing the public version of the jailbreak. Please allow time to clean up any remaining bugs in the jailbreak clients.

Just a few hours ago, @planetbeing tweeted, We're testing & fixing problems with the jb app (that @pimskeks finished the majority of at incredible speed). Still needs to be polished.

Earlier, @pimskeks tweeted, Something's approaching... :-)

Even earlier, both the French hacker pod2g and @planetbeing released photos of iPad 2 5.0.1 untethered, respectively. Additionally, pod2g also released iPhone 4S 5.0.1 untethered demo video.

All these signs indicate the A5 jailbreak is absolutely in the final stages.

Following are some details of the new jailbreak from iPhone Dev-Team's blog:

Jailbreak programs: To be as flexible as possible, the A5 version of the corona jailbreak will take multiple forms:

Chronic Dev have incorporated the overall flow into a GUI that runs on your Mac or PC. The goal is for the GUI to be enough for most cases.

iPhone Dev have also incorporated the exact same flow into an alternative command-line interface (CLI). This will allow us to help users through individual steps of the jailbreak manually, to both help the user and help improve the overall flow. Although the CLI will also allow the user to perform the entire jailbreak from beginning to end, we anticipate it will be more useful in debugging the occasional errors. The CLI currently has over 20 individual options (in addition to the single “jailbreak” option) that should be useful during debug after the GUI release.

Once all the bugs in the flow are worked out, we’ll also incorporate it into the redsn0w GUI (but still leave the CLI freely available too). In order to maximize the chances of the jailbreak working for everyone, the redsn0w GUI will use native Apple iTunes libraries — this technique is slightly different than how the Chronic Dev GUI handles communications, and should provide nice combined coverage for all the odd computer configurations out there.

Firmware: The supported firmware versions will be: iPhone4S: 5.0 (9A334), 5.0.1 (9A405) and the “other” 5.0.1 (9A406) iPad2: 5.0.1 (9A405)

iPhone4S owners looking to maximize their chances of achieving an eventual software-based carrier unlock should be staying at 5.0. Everyone else should be at 5.0.1. If you’re an iPhone4S owner who already updated to 5.0.1, it’s too late to go back down to 5.0, but if you’re on 9A406 it is possible to downgrade the BB by going to the 9A405 version of 5.0.1 while the window is still open.

Support: The overall flow used by the GUI and CLI to inject the A5 corona jailbreak has never been done before, and there may be unforeseen problems once it’s released to the public. It’s very important for you to sync your data, photos, and music before attempting any version of this jailbreak. We’ll be watching the comments section below for signs of any widespread problems, but please be aware that you jailbreak at your own risk!

Finally, we will enjoy the fruit of dream team's labor.

Once the jailbreak for iPhone 4S and iPad 2 is released, we will release the guidance to tell you how to install the new jailbreak and, if possible, we will also give you some tips to fix bugs (if any).

MUST READ: iOS 5 Untethered Jailbreak: A5 jailbreak for iPhone 4S and iPad 2 FINALLY Released by Dream Team