Hot on the heels of announcing that his untethered jailbreak works on iPad 3 running on iOS 5.1, pod2g has posted a demo video of the untethered iPad 3 on his blog.

The video shows the untethered iPad 3 on iOS 5.1 can run Cydia, run iFile – a jailbreak app and reboots without an issue.

iBooks also seems to work without an issue (which currently is an issue with the tethered jailbreak).

pod2g has clarified that since his untethered jailbreak works on iPhone 4 and iPad 3, it should work with other iOS 5.1 devices like iPhone 4S and iPad 2 as well. But it may not work with Apple TV 3.

pod2g plans to stabalize the payload and then use try his untethered jailbreak on iOS 5.1.1 that was released by Apple earlier in the week.

pod2g hasn’t provided an ETA on when the untethered jailbreak will be released. We’ll let you know as soon as we’ve any further updates so stay tuned.