Universal Untethered Jailbreak for 5.1, 5.1.1 well on its way says Pod2g

A week after the famous iOS hacker had owned the iPhone 4 on 5.1 comes news that he has claimed the iPad 3 as his own and is well on his way to cracking 5.1.1.

Hey. iPad 3,1 running iOS 5.1 untethered. Next on the list: stabilizing the payload, then trying 5.1.1. If it works on iPad 3 and iPhone 4, I can say it'll work on any device. The ATV3 may be out tho… :/

Even better news is that he says that it will probably work on every other device too, giving us some good hope that it will be released soon. It looks like all Pod2g has to do is stabilise the payload and we can be looking at a public release. If this reminds you of something you aren't wrong, these events mimic the weeks that led up to the jailbreak of iOS 5 itself. 

UPDATE: Pod2g has posted a Demo video of the iPad 3 untethered jailbreak in action.