We shared an step-by-step guide on how to perform the tethered jailbreak for iOS 5.0.1 yesterday, and now some good news is coming from iOS developer "@pod2g" as he demonstrated the much-awaited, first-ever "untethered jailbreak for iOS 5" (untethered jailbreak allows users to reboot their devices without connecting to a desktop computer) publicly on video.

The recently uploaded video by pod2g shows an jailbroken iPod Touch 3G running iOS 5.0, with an untether exploit in iOS 5. According to pod2g the exploit found by him is an "userland exploit", meaning we could soon see an easy-to-use browser based jailbreak. pod2g will now try to jailbreak 5.0.1 and then start working on the iPhone 4, iPad 1, iPod Touch 4G, iPad 2 and iPhone 4S untethered jailbreak.