It has not been long since Apple released iOS 5.1 for iPhone, iPad and iPod touch to the public. iOS 5.1 is the first big update ever since the iOS 5.0 firmware was initially released in October 2011. Well known iOS hacker Stefan Esser a.k.a i0n1c has demoed iPad 2 jailbreak on the latest iOS 5.1 firmware via Twitter.
He simply posted images on his Twitter account. The finer details of this jailbreak are not yet known. He hasn't even revealed the method or status of this jailbreak. It is not known whether this iPad 2 iOS 5.1 jailbreak is untethered or tethered.
We do know, however, that he is in possession of an iPad 2 jailbreak, an exploit which can be used to jailbreak the New iPad as well. On the other hand, @pod2g is hard at work for jailbreaking iOS 5.1. If all goes well, more details on this jailbreak will be available to us in the near future.