Now that the new MediaTek SoC has been released, it is time to publish the instructions on how to flash your MT65x5 (MT6515 and MT6575) based device. Please note that the images shown on this tutorial are just examples and that you must flash your device with the correct ROM files.
Make sure that you read everything carefully and know what you are doing. Don't blame me for any damage that may occur on your device.
Update: By the time that this tutorial was written only MT65x5 was available. Current MT6577 based device can also be flashed using the exact same method, so this has just been updated with references to that most recent SoC.