iOS 5.1.1 jailbreak is out!

WARNING: Try this under your own risk.

iOS 5.1.1 jailbreak, available now.

Pod2g has released Absinthe 2.0, a jailbreak for iOS 5.1.1 and it unlocks:

iPad 1
iPad 2 (Wi-Fi/CDMA/GSM)
iPad 3 (Wi-Fi/CDMA/Global)
iPhone 4S
iPhone 4 (GSM/CDMA)
iPhone 3GS
iPod 4G

You can download it here and do not use if you have issues of baseband.