UPDATE 21 JAN 2012: THE OFFICIAL JAILBREAK HAS NOW ARRIVED, PLEASE CLICK HERE FOR DETAILS.
Unfortunately, the jailbreak and any unlock for iOS 5.0.1 on the iPad 2 and iPhone 4S is STILL NOT HERE for the public, and until you read that it is finally available, in a reputable publication such as iTWire.com, or any of the world's other MAJOR and respected publications, please don't waste your time, money or hope on what is, for now, still a scam.
There is, however, some good news. Ye olde French hacker, M'Sieu "Pod2G", who is working with the iPhone Dev Team and other renowned iDevice hackers, has posted a couple of photos showing images of an iPhone 4S and an iPad 2 in untethered jailbroken form.
The promise is that the untethered jailbreak is coming soon, and until it does, as it's clearly not here yet, all that the non-hackers of the world can do is to wait a bit longer.
Of course, if you're not interested in jailbreaking or unlocking your iPhone 4S or iPad 2, then whether any form of jailbreak arrives or not is irrelevant to you, and it would seem that the vast majority of iDevice owners are happy to use their devices as Apple intended - free of worry that future official updates will bork their devices, and free of the interminable wait for each new jailbreak to arrive.
However, there are those that say your iDevice isn't truly yours until you've somehow voided the warranty, others simply love the thrill of doing something you're not supposed to, and others still just love tinkering and the challenge.
There are also those that, sadly, simply wish to pirate as many apps as possible, depriving hard working developers from an income, which is a shame - especially considering how Apple's iPhone and iOS have made app prices plunge when compared with traditional boxed software.
Naturally, we don't condone piracy of any form here at iTWire, and strongly suggest, especially given the incredibly low pricing, that you buy your apps, so that the developers in question are further encouraged to continue creating.
That way you also avoid having your personal information slurped from your phone via an infected, pirated app, downloaded from some dubious source.
However, what you do is up to you, but dancing with the devil in the pale moonlight isn't exactly my idea of a good time.
So'¦ please do not be fooled by endless articles online promising you that a jailbreak for the iPhone 4S or iPad 2 has miraculously just been released and is available for $19.99 or $29.99 or whatever rip-off price is being scammed from you.
When the official jailbreak is released, it will be released free of charge, along with instructions on how to apply it, so if it's something you really, really want to try'¦ please be patient for a bit longer.
The iDevice hackers have never failed to deliver in the end, and clearly, they won't fail to deliver this time either!