Looks like the jailbreak community is on a roll here. We just got the news of MuscleNerd jailbreaking the New iPad on iOS 5.1 running Cydia 1.1.5 and now iOn1c has untethered jailbroken his New iPad.
He also said that he would post a video of the process.
As you know, Yesterday, iOn1c tweeted that he jailbroke his iPad 2 on iOS 5.1.
So far we are still waiting for Pod2g to announce that he found a jailbreak for iOS 5.1. He did ask the jailbreak community and other users to help out by sending crash reports. Hopefully, that will speed things up.
We will keep you updated.