Yes your read it right. Today we have great news for you. Few minutes ago the well-know iPhone hacker p0sixninja of Chronic Dev-team has announced that he have five bootrom exploit on the Apple A5 chip that already exist on iPad 2 and strongly expected that it will power iPhone 5.
P0sixninja has announced this very amazing news at the jailbreaking convention MyGreatFest. For who don't know, the bootrom exploit are low-level bootrom ones which means that Apple won't be able to patch them with simple iOS update. Apple should make hardware update to patch them. So that iPhone 5 will be jailbreakable for lifetime before its official release and the same situation with iPad 2 as well.
The only remained step for Chronic Dev-team is to test their five exploits on iPhone 5 itself. Once they succeeded, then we will get untethered jailbreak on iPhone 5 / iPad 2 on iOS 5 soon.
The exploits were discovered by the Chronic Dev Team. A key member of the team itself namely: P0d2g, found exploits like 24kpwn, steaks4uce and also discovered an exploit in the Apple A4 chip, used in iPhone 4, original iPad and iPod touch 4G. pod2g and p0sixninja are members of the Chronic Dev Team, who were the key developers/hackers behind the famous jailbreak tool Greenpois0n, which back then was the only method available to jailbreak iOS 4.2.1 completely untethered.Finally the awesome part, iPhone 5 / iPad 2 untethered jailbreak iOS 5 will be userland jailbreak which means that you will be able to jailbreak your iPad 2 / iPhone 5 on iOS 5 via Safari browser just like JailbreakMe 3.0. According to P0sixninja, this jailbreak will be the most amazing jailbreak yet!
Stay tuned, we will keep you updated as soon as we get more updates about the upcoming iOS 5 untethered jailbreak for iPhone 5 / iPad 2!