The Chronic Dev Team finally released Absinthe 2.0. “After copious amounts of work and many sleepless nights Absinthe 2.0 is finally here to jailbreak your device“. This release has been a large collaborative effort between Chronic-Dev Team and iPhone Dev Teams. This jailbreak supports firmware 5.1.1 ONLY and is again one of the most easiest jailbreaks to use.
You can download Absinthe 2.0 here.