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.
It would appear that the relaunch of JailbreakMe is imminent. After updating the website several days ago, @comex has altered the appearance of http://jailbreakme.com once again: The website now displays an Apple Online Store sticky note, stating: “We’ll be back soon.”