Pod2g posted a blog this morning answering some questions from his twitter followers and emails. One major answer is that he said the following:
As I said earlier on twitter, there’s still a lot to do to have a user friendly and well tested tool to install the jailbreak on end users devices. Expect a release in a couple weeks.
Evidently, this jailbreak will work with any iOS device running 5.1.1 except the Apple TV 3 for now. He also stated that since there are 16 different devices to test, that the release takes time.
According to a poll Pod2g conducted, 64% of users want a jailbreak tool released now versus waiting for iOS 6.0 to come out