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Today Apple has released iOS 6.1.2 as expected which is expected to fix all the other problems with the iOS 6.1 update.
- iPhone 5 GSM
- iPhone 5 CDMA
- iPhone 4S
- iPhone 4 GSM
- iPhone 4 CDMA
- iPhone 3GS
- iPad mini (GSM, CDMA, Wi-Fi)
- iPad 4th-generation (GSM, CDMA, Wi-Fi)
- iPad 3rd-generation (GSM, CDMA, Wi-Fi)
- iPad 2 (GSM, CDMA, Wi-Fi)
- iPod touch 4th-generation
- iPod touch 5th-generation
This bug has been reportedly addressed in iOS 6.1.2 along with any outstanding issues with Exchange connectivity. However there isn't any certainty if the update fixes the battery draining issues iPhone 4S users complained about after receiving the iOS 6.1.1 update.
Given all the issues iOS 6.1 has been facing, users are recommended to download and install the iOS 6.1.2 update as soon as possible. However if you rely on jailbreaking your device using Evasi0n, we advise you to hold off from updating until the developers update the tool accordingly.
[UPDATE] The iOS 6.1.2 update apparently doesn't fix the passcode bypassing exploit found in iOS 6.1. Apple will hopefully address this issue in a future iOS 6.1.3 update.
[UPDATE] You can find the step-by-step guide on how to jailbreak your iPhone, iPad and iPod Touch on iOS 6.1.2 using Evasi0n 1.4 here.