Well that was fast. Not even 10 minutes after we published our post on the state of the iOS 5.1 Apple TV jailbreak, FireCore released a new version of its Seas0nPass utility that is compatible with the new software.
This means that folks with an Apple TV 2 can upgrade (if you haven't already) to the latest ATV firmware, which features the new user interface, and still keep their ability to jailbreak...