The iPad 2 has been jailbroken on iOS 5.0.1! Pod2g has posted a photo on his blog confirming the successfull untethered Jailbreak of an iPad 2 with iOS 5.0.1.

iPad 2 & iPhone 4S jailbreak can be released any day now,keep your browser locked onto our site we will inform you as soon as it happens.

Just yesterday pod2g released a video showing iPhone 4S jailbroken on iOS 5.0.1