Earlier we told you that Pod2g has successfully jailbroken iPhone 4 on iOS 5.1 followed by news that the developer was also successful to jailbroken the new iPad (iPad 3) on iOS 5.1. He has just released a video demo of 5.1 untethered jailbreak on the new iPad.
Here is a video he has just uploaded on his blog:
Looks like he is in the final stages. The developer has to test his exploits on iOS 5.1.1 which is the latest firmware before he can release it to the public.
No estimated time of arrival. Stay tuned and we will update you as soon as we get another news on it.