In regards to the status of iPhone 4S and iPad 2 iOS 5.0.1 untethered jailbreak, some more information has been provided by @pod2g. pod2g has placed following wording on twitter:
I made a step today for the A5. With some luck we could expect a release in a week.
Yes, upgrade your 4S and iPad 2 to 5.0.1.
According to his advice updating to iOS 5.0.1 will be safe in preparation for this jailbreak (however, if you need the ultrasn0w unlock, only update via custom firmware restores via redsn0w/PwnageTool).
Formerly pod2g has solved the iOS 5.0.1 untethered jailbreak for A4 devices, moreover provided the info to the iPhone Dev Team and Chronic Dev Team to release so that he could completely concentrate on the A5 untether. Afterwards jailbreak tools redsn0w and PwnageTool were emerged out, and the Corona untether available via Cydia.
He also notes he has closed comments on his blog, as most were made by people who are downright passionate. Stay tuned for the iPhone 4S and iPad 2 jailbreak!
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