Earlier we posted that Pod2g has completed the testing of all A4 devices and was nearing the completion of iOS 5.0.1 untethered jailbreak. We just came to know that he has bought an iPhone 4S to continue testing his 5.0.1 untethered jailbreak techniques which will now be on the A5 devices.
Now if things go well, he would be able to make some progress this weekend on jailbreaking iPhone 4S. And when he does, the iPad 2 jailbreak would arrive shortly after. We will keep you updated with every news related to the upcoming jailbreak. Stay tuned.
Update : Jailbreak 5.0.1 untethered has been released, get it now - Click Here