Stefan Esser aka i0n1c has jailbroken his New iPad (iPad 3) on new iOS 5.1.1 firmware.
i0n1c has tweeted-
Ohhh no while I was sleeping my girlfriend accidentally upgraded my iPad 3 to iOS 5.1.1
He has also released a screenshot of his iPad 3(AT&T), running on iOS 5.1.1 and Cydia 1.1.6.
Cydia reports the device as iPad 3 (AT&T) and i0n1c clarifies that “You have to blame Saurik for the AT&T stuff in Cydia. He wrongly calls iPad3,3 the iPad3 AT&T”
i0n1c has not released his jailbreak tweaks in public.
pod2g is also working on untethered jailbreak for iOS 5.1 and has managed to Jailbreak iPhone 4 Untethered On iOS 5.1 but there is no any confirmation regarding the release of untethered jailbreak for iOS 5.1 to public.
We are also not sure about the exploits which pod2g has used for iOS 5.1 untether jailbreak works on iOS 5.1.1 or not.