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Chronic Dev team has just released an updated version of Absinthe to add support for the iPad2,4 model.
Chronic Dev team had released Absinthe 2.0 - iOS 5.1.1 untethered jailbreak for iPhone, iPad and iPod touch users on Friday, but it did not include support for iPad2,4 model (the $399 iPad 2, which comes with a tweaked A5 chip or iPad Wi-Fi R2 model) and Apple TV 3.
planetbeing just tweeted: