iH8sn0w released an untethered jailbreak iOS 8.1.1 video
well known jailbreak developed known as @iH8sn0w has released a video that showing untethered jailbroken iPad running iOS 8.1.1. As iH8sn0w mentioned in his tweet it doesn’t seems to be a public jailbreak soon. He might looks into iOS 8.2 Beta version for jailbreak possibility and most probably he’ll wait for public release of iOS 8.2 if this exploit going to be remain in iOS 8.2.
Jailbreak iOS 8.1.1
iH8sn0w has showed in his video an iPad boots with a custom Boot Logo and Cydia installed. The new iOS 8.1.1 jailbreak still only works on 30 Pin devices as he said which means iPhone 5, 5S, 6 and 6 plus are not supperted yet. Watch the original video released by iH8sn0w.
Downgrade iOS 8.1.1
Apple has patched both exploits used by Pangu when release iOS 8.1.1. So you can’t jailbreak your device yet if you updated into iOS 8.1.1 still you have the choise to return back on iOS 8.1 since Apple server still signing the old version.