Stefan Esser as known as i0n1c has posted images of his jailbroken new iPad (iPad 3) on iOS 5.1.1 but most probably we will not release the jailbreak to the public.
This is what he has tweeted with the following image:
Ohhh no while I was sleeping my girlfriend accidentally upgraded my iPad 3 to iOS 5.1.1
Esser is the same person who previously provided iOS 4.3.1 / 4.3.2 / 4.3.3 untethered jailbreak exploits to the iPhone Dev Team who packaged it and released updated Redsn0w to the public. We all know Esser is capable of solving the most complicated problems that developers face while working on the jailbreak. But on the other hand he mocks the jailbreak users for piracy.
Yes thats also true that a lot of users just jailbreak their devices to install Installous and Cydia sources that provide pirated apps. That is the very same reason why Apple hates jailbreaking other than it contains apps that the company does not approve.
So wait for iPhone Dev Team and Chronic Dev Team to work on the new iPad and the new firmware because they are the ones who always release it to the public. We cannot stop Esser for giving his opinion.