Ok I know it's not for the iPad but it's still hope.....

[Moderator edit: Removed link. We have our own news thread(s) here. Please see those. Thanks.]

I guess it's the rite time to upgrade to ios 5.0.1 for all..specially iPad 2 owners who are on 4.3.4-4.3.5

Tazz229:

I closed this thread because we already have a number of threads running with the news about the untethered jailbreak for iOS 5.

Please see these:
Official iPad2 Jailbreak Thread
iPhone 4S & iPad 2 Untethered iOS 5 Jailbreak DELAYED! Help The Dev Team NOW! (the latter pages talk about the untether...)

If I may, however, I'd like to add this caution: If you are waiting to upgrade (as in, you haven't moved up to iOS 5.0.1), don't - until an untethered jailbreak has actually been released to the public. Best to be safe than sorry... YMMV.

Thanks.

Marilyn