New Jailbreak [5.0 / 5.0.1] Will Work For iPhone 4S / iPad 2 Untethered

Earlier today Pod2G a member of the Chronic-Dev Team showed off a new untethered 5.0/5.0.1 jailbreak. The demo was on a iPod Touch 3G, however, we have good reason to believe that this jailbreak will work for all devices including the new iPhone 4S and iPad 2. In this case it will be the first jailbreak for the