This is an exciting news for those who are waiting for the iOS 5 untethered jailbreak - Pod2g on Wednesday morning released a video called iPhone 4 iOS 5.0.1 untethered jb demo on his blog.

This video shows the current status of the iOS 5.0.1 jailbreak running on an iPhone 4.

Pod2g said this video is to reassure those who were thinking iOS 5.0.1 jailbreak only works on older iPods. Meanwhile, pod2g urged people, who want the untethered jailbreak, to be patient and promised that they will do their best.

On pod2g's blog, he wrote:

iPhone 4 iOS 5.0.1 untethered jb demo
Here is a new video demo of the current status of the 5.0.1 jailbreak 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.

Some people were very excited after watching this video. One said, Thank you pod2g, you are awesome.

Pod2g released the video just one day after he solved the A5 cache issue. OK, figured it out, the A5 cache is not a problem anymore, the French hacker wrote on Tuesday. Pod2g got an iPhone 4s from a supporter last week and worked very hard over the last weekend but his work was stopped because of A5 cache issue. However, it was solved earlier this week.

Meanwhile, some people expressed disappointment as it is not the iPhone 4S untethered jailbreak. One asked WHy this is not 4s jailbreak video demo ??? Another fan said man..i am going crazy for iphone 4S JB. honestly i check twitter every 2 hrs for Pod2g's twitts. seems like it is getting a joke now.

Many iOS device owners are waiting for the iPhone 4S and iPad 2 untethered jailbreak, but pod2d and other Dev teams still can not overcome issues concerning A5 devices.

But, recently, pod2g has made some progress and it seems that the French hacker and his team (Chronic Dev-team) are approaching victory in their war against Apple.

Watch pod2g's iPhone 4 iOS 5.0.1 Untethered JB Demo video below:

MUST READ: iOS 5 Untethered Jailbreak Update: Pod2g, MuscleNerd and Their Progress  

Must Read: iOS 5 Untethered Jailbreak: MuscleNerd Suggest 3GS Owners to Apply Redsn0w 0.9.9b9d Before Installing Ultrasn0w