Immediately after the release of iOS 5.1 the jailbreakers has provided us the ios 5.1 tethered jailbreak but that was not compatible with iPad2 on ios 5.1. Today some pictures were released by i0n1c showing that iPad 2 is running Cydia and still we are waiting the actual jailbreak software to be available for you. I suggest to subscribe below to my blog so that I can immediately inform you as soon as the ios 5.1 ipad 2 jailbreak is available for download.
I also mentioned in one of my previous post that pod2g is also working to jailbreak ios 5.1 untethered and for all devices including iPhone 4S and iPad 2 jailbreak, but it seems that i0n1c has succeeded in ipad 2 jailbreak before pod2g. We wish best of luck for both of them and thanks for working for us.
If you want to jailbreak your device tethered you can visit my post How to jailbreak iOS 5.1.
Below I am showing the pictures showing the Cydia working on iPad 2.
— Stefan Esser (@i0n1c) March 15, 2012