Pod2g has stressed to the public that creating a user-friendly, workable tool can take quite some time and it needs to be testes thoroughly before being released. The good news for those waiting on the iOS 5.1.1 jailbreak is that it will be compatible with the latest iOS devices on iOS 5.1.1 such as the iPhone 4S/4, iPad 3/2, iPod Touch 4 and the second generation Apple TV. The 3rd generation Apple TV does seem to be out of look for now as do all the older generation devices such as the iPhone 3G and the 3rd generation iPod Touch.
One of the main reasons that this untethered jailbreak solution for iOS 5.1.1 has been drawn out is due to testing. The dev teams have to ensure that they include support for all compatible devices which is at the moment sixteen different models. Pod2g does mention on his blog that we would expect to see a new release within the next couple of weeks. He has stated that the public need to be patient and that an untethered jailbreak for iOS 5.1.1 will happen soon.
We will of course keep you updated and as soon as we have a release date or any further information it will be posted here.