After pod2g updated his blog with a photo of an iPad 2 running Cydia, then quickly deleted. @planetbeing decided to upload a picture of an obviously jailbroken iPad 2 running IntelliScreenX. This comes as a relief since planetbeing helped to create this Cydia tweak and there are no issues with the iPad 2 so far.
These guys are doing a great job of generating some hype over the iPhone 4S and iPad 2 jailbreak for iOS 5.0.1. I think our excitement has peaked, you can go ahead an update redsn0w so the jailbreak community can get to work!