Here is the good news we have all been waiting for Anxiously, iPhone 4S and iPad 2 running on iOS 5 has been Jailbroken and Cydia has been installation on both devices have been demonstrated by Dev Team. Although the demonstration of Cydia installation on iPhone 4S and iPad 2 are still at very early stages and way far from Public release as lots are bits needs to be gathered before final release to public. But still the news came as sigh of relief for the ones who have been waiting for the Jailbreak after upgrading from their iPhone 4 to iPhone 4S.
Before the launch of iPhone 4S when the iOS 5 was still in Betas, 5x userland exploits were reported during Jailbreak community Conference for A5 processors and the same exploits were used to perform todays Jailbreak as confirmed by Dev Team member lead developer MuscleNerd.
Also a primary installation and working of Cydia running on iPad 2 iOS 5 has been demonstrated below,
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