I'm having issues with wifi on my ipad2 since updating to 5.1.1 yesterday, the device cannot maintain a wifi connection for longer than 10 minutes even when it is right next to the router or with the 'smart' cover removed (ruling out magnetic interference which I first assumed it was related to)
Sometimes it takes 5 or 6 attempts to connect to the router even when I make the wifi publicly accessible!
I've tried to reset the network settings using General > Reset > Reset Network Settings only to have it connect then disconnect minutes later.
My router is configured to use WPA2, it's an O2 branded router but technically a Thompsom variant. I have various other devices connected via wifi with no issues at all - this is without a doubt purely an issue with iOS 5.1.1