Finally the news we have all been waiting for! Following the last month of updates, pod2g has finally released his untethered iOS 5.01 jailbreak through the iPhone Dev Team and Chronic Dev Team. But sorry chaps, it won’t work on the iPhone 4S or iPad 2. Not yet, anyway.
The iOS 5 and iOS 5.0.1 untethered jailbreak only works on the iPhone 4, iPhone 3GS, iPod touch 3G and 4G, and the iPad 1. pod2g’s working on extending the untether to iPhone 4S and iPad 2, but it could take time.