BOOM!! The much awaited jailbreak for iPhone 4S and iPad 2 on iOS 5.0.1 firmware has been out. The Chronic Dev-Team has released GreenPois0n Absinthe version 0.1.2-1 jailbreaking tool which allows you to jailbreak iPhone 4S and iPad 2 on iOS 5.0.1. Please note that the latest GreenPois0n Absinthe iPhone 4S and iPad 2 Jailbreak tool only works for Mac users. Windows users still have to wait.
via xiphone