Ionic Native 5 is the latest release from Ionic, designed to be fully framework-agnostic, allowing it to work seamlessly in any popular framework or without one, effectively replacing ngCordova by supporting many more maintained plugins. The update introduces three bundles: one with Angular (5.x+) providers, ES6 modules, and another with AngularJS support, offering flexibility for developers using various frameworks. Developers using Angular can choose between injectables or static ES6 plugins, with Angular 5 required for injectables. Installation involves using npm to install the core and individual plugins, with specific instructions for projects using ionic-angular, Ionic 1/AngularJS, or other frameworks. The bundle can also be included in any JavaScript project as a script, and users are encouraged to review the v5 README for detailed usage information and to provide feedback.