A Chronic Dev-Team member has just tweeted the news that Absinthe, the tool used for the jailbreak of A5 devices (iPad 2 and iPhone 4S) on iOS 5.0.1, has just been updated to version 0.4.

The iPhone 4S and iPad 2 owners waited patiently, then they waited some more, and finally after a little more waiting welcomed the Absinthe jailbreak software to the community. Produced by the famous Chronic Development Team, and supported by the conjoined efforts of Pod2g and the iPhone Dev Team, Absinthe offers users the ability to jailbreak iOS 5 and 5.0.1 into an untethered state.

We have waited nearly three months in total, and A5 owners have had to sit in envy for nearly four weeks as they watch their A4 device friends enjoy an untethered iOS 5.0.1 jailbreak, but the wait is nearly over. The release of the Corona A5 jailbreak is close and I can almost taste its liberating goodness.

The long wait is nearly over folks, and that elusive iOS 5 jailbreak for iPad 2 and iPhone 4S users looks to be only a matter of days away.

JailbreakMe 3.0 has received an “essential upgrade” via Cydia today, allegedly fixing previous issues that caused Apple’s Camera Connection Kit accessory, BiteSMS, and sometimes Cydia (disappearing problem) to stop working altogether. Every iOS user who has jailbroken their device with JailbreakMe 3.0 is encouraged to apply this update via Cydia as soon as possible.

JailbreakMe 3.0 continues its steady growth with 2 million jailbreaks already applied since the tool came out (officially) last week. The news was delivered by Grant Paul (also known as @chpwn) via his Twitter account.

A few weeks ago, we reported that Comex, author of JailbreakMe, was working on a fully untethered iPad 2 Jailbreak. After two weeks of radio silence from the developer, what seems to be JailbreakMe 3.0, with support for the iPad 2, was leaked by one of the private beta testers. Here’s how to get it.

It’s been more than three months since Apple started shipping the iPad 2 and the jailbreaking community really doesn’t appear to be satisfying jailbreaking, iPad 2-toting junkies.

Jailbreakers are an impatient bunch, so it’s perhaps no great surprise to anyone that the lack of a jailbreak for Apple’s iPad 2 is starting to make some fans of the dark side a little antsy. Hopefully though, help will be at hand sooner rather than later.

Ahh, those crazy hackers. They like nothing more than a bit of competition mixed in with their late nights and Mountain Dew. It appears some new-old competition just joined the race to dump the iPad 2’s bootrom.

Joshua Hill of the Chronic Dev Team has confirmed today that since untethered jailbreak for iOS 4.3.1 is already out, they are now focusing on finishing the iPad 2 jailbreak which mostly likely will be packaged into an updated version of GreenPois0n.

Well it seems like BGR’s sources were spot on when they wrote about Apple patching iPad 2’s jailbreak exploit in the recently released iOS 4.3.1 firmware.