The past several hours have been quite hectic in the jailbreak community, with an announcement of a new crash reporter tool to help the Chronic Dev Team develop an untether for iOS 5, and the Dev Team’s Musclenerd announcing that an unlock for the iPhone 4S is in the works.

Now, there is even more to be excited about, as a new group, the Pwn Dev Team, has released their own jailbreak tool by the name of Ac1dSn0w. This tool is not affiliated with any of the current tools like Redsn0w or Sn0wbreeze, but performs essentially the same function as Redsn0w. All that differes right now is a different interface, much simpler than that of Redsn0w (mostly because it lacks some functions). Note that this is not a tethered jailbreak, and is merely an alternate tool for performing the same function as Redsn0w.

To jailbreak with this tool follow the directions below.

NOTE: This jailbreak is NOT compatible with the iPhone 4S or iPad 2. The jailbreak is identical to the one provided by Redsn0w.

DOWNLOAD (Mac only)

1. Connect your device to your computer and turn it off.

2. Put your device in DFU mode. If you cannot remember how, check “Show Assistant” for on-screen directions.

3. Click “Jailbreak” and wait for the process to complete. If you want more info on what the program is doing, just check “Show Console”.

4. Once done, put your device in DFU mode again and click “Tethered Boot”.

Thats it! Keep in mind that this is still a beta release, and still may be unstable. We recommend holding off on this tool, especially since it doesn’t offer anything in addition to Redsn0w. You can check out the Pwn Dev Team’s post on Ac1dSn0w here.