Earlier today, iPhone Dev-Team member @MuscleNerd posted a couple of screenshots taken on a jailbroken iPhone 4S handset, stating that this was a preliminary solution and that there was “lots of work left.” Now, the Dev-Team’s most vocal member has uploaded a YouTube video in which the aforementioned jailbreak solution is demonstrated on an iPad 2 running iOS 5.

Currently, the iPad 2 can be jailbroken using the Web-based JailbreakMe solution. However, this does not support iPad 2 devices running iOS 5 (the highest version JailbreakMe supports is iOS 4.3.3). Furthermore, while a tethered jailbreak solution is available for iOS 5 devices, this doesn’t support the iPad 2 or the iPhone 4S.

The good news is that the iPhone Dev-Team is hard at work on developing a jailbreak solution for the iPad 2 under iOS 5. As you can see in the video, a second generation iPad running iOS 5 has indeed been jailbroken, though as @MuscleNerd notes in the video’s description, this is a “very preliminary” solution. There are “lots of hurdles left, [and] no ETAs,” he adds.

Below, we’ve embedded the video. Take a look at it and feel free to post your thoughts in the comments.