As we all know that iPhone 4S has successfully been jailbroken. Now the blog post at Pod2g with video demonstration clearly shows that iPhone 4S jailbreak 5.0.1 untethered. This video is prepared by @DHowett friend of Pod2g. Remind you @DHowett is a member fo chronic dev team and known iOS developer.
In his blog post Pod2g has quoted an interesting sentence, he said “Only a few to wait now”, so iPhone 4S and iPad 2 jailbreak seems to be imminent.