[youtube http://www.youtube.com/watch?v=NLgQ22naQhE]

In October we broke the news that anyone with an iPad 2 Smart Cover (or a magnet) could essentially break into any passcode protected iPad 2. This is how we described it then:

Now, with the release of iOS 5.0.1 beta, we’ve discovered that one of the new security fixes is a fix for this Smart Cover bug. It appears that Apple has fixed the issue by not allowing the iPad 2 to go to sleep by way of the Smart Cover closing while on the power off menu.  iOS 5.0.1 should make its way onto everyone’s iOS 5 devices in a few weeks.