As expected, Absinthe 2.0.2 was released. And this can be used to jailbreak any iOS 5.1.1 device including the New iPad,iPhone 4s,iPad 2,etc. This jailbreak was highly expected so here are directions and download links for the software needed.
First, we have a video explaining step by step, but if you need extra help you will find text directions below the video player.
Already jailbroken on iOS 5.1.1 with your A4 device? Simply click here to follow the Rocky Racoon steps and to make your tethered jailbreak an untethered.
Step 2: Hook up your device to the computer and Absinthe should recognize the device. Now make sure your device is turned on and at the home screen.
Step 3: Click jailbreak. The process will begin. Don’t be alarmed if your device looks as if its being restored and turned on and off.
Step 4: When complete absinthe will notify you on your computer. Now take a look at your home screen and you should see the Cydia icon. If you do, unplug your device.
Step 5: Click on the Cydia icon and start enjoying all the features made available via the jailbreak!
There you have it! This new Absinthe program is the easiest jailbreak I have ever performed. If you have any trouble than let me know in the comments below. But I would like to remind you that you may experience some slowness in Cydia the first few days of release due to heavy traffic.