Today @pod2g and the @ChronicDevTeam announced this highly anticipated release of Absinthe 2.0 at #HITB2012AMS in Amsterdam thanks to collaborative effort between Chronic-Dev Team & iPhone Dev Teams (Jailbreak Dream Team).


You can now use Absinthe 2.0 to jailbreak your iOS device. It is a untethered jailbreak, works with version 5.1.1 of the iOS firmware and supports almost all iOS devices running the latest 5.1.1 firmware, except the most recent version of the iPad 2 that utilizes a new 32nm A5 processor.
More details here