Known jailbreak developer and iPhone Dev-Team leader MuscleNerd revealed on Twitter that the iPhone 4S and iPad 2 have finally been jailbroken and installed with Cydia, although the jailbreak is still in its early stages ant not yet ready for the public.
The jailbreak is still very unfinished, with many pieces messing and a lot left to do before it will be ready for the public, but the fact that devices using Apple’s A5 processor have been exploited is an excellent sign of progress.
While the jailbreak won’t be ready for the public for a while, you can get a sneak peak and see the jailbreak in action in the embedded clip below – hopefully this will tide you over until the public exploit is released!