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That did not take long. Just hours after today’s launch of the new iPad, jailbreaker MuscleNerd posted (via iFans) screenshots of what he claimed is a jailbroken third-generation iPad. Do not get too excited, because MuscleNerd warned there is “still lots of work to do.” Therefore, the jailbreak is far from prime time. There is “No ETA,” but he provided screenshots of Cydia running for further proof that it is on the way. We will keep you updated as progress is made.

Over on the Dev-Team Blog, a new post noted: “It’s impossible to predict how or when these things turn out,” but the team also highlighted the progress made so far with iOS 5.1, as well as the possibility of jailbreaking the new iPad.

Go past the break for the full breakdown.

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UPDATE: If you’re getting the “Error establishing a database connection” when launching the jailbreak tool, hacker PlanetBeing tweeted a simple workaround solution: Go to Settings and enable VPN under Network.

According to hacker p0sixninja, the jailbreak community just posted an untethered jailbreak solution for A5-driven devices running iOS 5.0 or iOS 5.0.1. The software is a long expected follow-up to an untethered iOS 5.0.1 exploit for non-A5 devices, released last December. According to a blog post, the new jailbreak is called “Absinthe A5,” and it was not exactly a walk in the park.

The updated greenpois0n tool is now available for download here. It’s Mac-only, but Windows version is “coming soon”. The application lets iPad 2 and iPhone 4S owners finally jailbreak their device without the need to tether it to a computer upon each reboot. This jailbreak can be used with both iPhone 4S running iOS 5.0 build 9A334 and iOS 5.0.1 (builds 9A405 and 9A406) and iPad 2 running iOS 5.0.1 build 9A405.

Video tutorial is right below…

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[youtube=http://www.youtube.com/watch?feature=player_embedded&v=kp_Mz6rs9fc]

We got a sneak peak at the first untethered jailbreak for iOS 5.0.1 earlier this month, and now Dev Team just announced @pod2g has made the solution available for non-A5 devices. That means iPad 2 and iPhone 4S are obviously left out on this one, but the chronic devteam and iPhone devteam have been working hard to package it into redsn0w 0.9.1.0 and PwnageTool for everyone else.

The post mentions pod2g is working on a solution for iPhone 4S and iPad, but it warns A5 devices “cannot use geohot’s limera1n exploit to inject the untether, they require exploits above and beyond those used for this release.”

If you are interested in giving it a shot, you can grab it through Cydia and follow the steps below (via Dev-Team Blog):

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