It almost 3 weeks now after the launch of Apple’s New iPad with A5X processor and iOS 5.1. Till now there is no Jailbreak released for iOS 5.1 running on A5+ processors, for rest devices iOS 5.1 jailbreak is available. People who accidentally Jailbreaked their iOS 5.1 running on iPhone 4S, iPad 2, Apple TV and New iPad might be facing many issues & errors. The jailbreak developers had warned them not to jailbreak because those jailbreaks were not supported on the devices having A5+ cpu.
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But a week back Hacker Cyril (@Pod2g) has confirmed that there are some issues & vulnerabilities found in iOS 5.1 jailbreak which they are trying to fix. Though they haven’t given any Estimated time for the Jailbreak to be released, but we are expecting it to be soon out until this month end. Though there are also some news that Apple might release a new Update for iOS 5.1 like iOS 5.1.1 or iOS 5.2 as there are also some issues which will have to be solved in the upcoming updates for iOS.
So its better to wait for the new jailbreak to arrive for iOS 5.1 for iPhone 4S, iPad 2 & new iPad. Even if Apple releases a new iOS update prior to the jailbreak release then also it is advised for jailbreaker to wait before upgrading as then the later version Jailbreaks will be delayed.
If you are having iOS 5.1 on old generation devices then you can Jailbreak iOS 5.1 using Redsn0w.