Last week the untethered jailbreak solution for old iDevices was released and it is currently only compatible with iOS 5.0.1. The untethered jailbreak solution for iPhone 4S and iPad 2 is in the works and today p0sixninja confirmed that it will initially be available for iOS 5.0.1. In a tweet given yesterday and completed today, he confirms that owners of iDevices with A5 chip (iPhone 4S and iPad 2) can update to iOS 5.0.1 without problems, so if you are waiting for a confirmation from someone, now you have it.
If you have a jailbreak on the iPad 2, it would be better to wait until the untethered jailbreak solution appears, but if you have an iPhone 4S and an iPad 2 tablet (without jailbreak), it would be better to update now. I don't know when exactly the untethered jailbreak solution for these devices will be released, but it's good to have your iDevices ready to use it as soon as it's public. Regarding the compatibility of the current untethered jailbreak solution with iOS 5, I for one do not see the point and I hope that the guys will focus on its launch for iPad 2 and iPhone 4S.
