Current status

What is the current jailbreak status ?

A short update:

At the moment the 5.01 is breakable with Redsn0w. It’s a tethered one. The proces is the same as on iOS 5. Here’s a short guide. Currently there are no rumours of when the untethered will be released or when the iPhone 4s and iPad 2 on iOS 5 will be jailbroken. 

So for all you iphone 4s and ipad 2 owners. Hang in there.