Apple released the iOS 5.1.1 Firmware that contains only security and minor Bug fixes. If you need a Jailbreak in 5.1 or 5.0.1 DO NOT UPDATE!
The 5.1 Untethered Jailbreak is about to be released. Pod2g Had a Poll about if the Jailbreak Community needs an 5.1 Untethered or to keep the 5 New exploits for iOS 6.
(The poll ended. The results are to release the iOS 5.1 Untethered ASAP!)
You can download the 5.1.1 iOS Firmware directly from the Apple servers from here…
One More thing to Note [WARNING]: