I’ve spent hours trying to figure this out today and I’m just not having any luck.
The only available repos that I could find are http://themaister.net/cydia and http://cydia.zodttd.com/repo/cydia and they are both hosting v1.0.0.1 which won’t launch after being installed (screen flashes black then goes back to springboard). I spent a considerable amount of time learning how to create .deb packages so that I could try both the stable v1.0.0.2 and the latest nightly that are hosted in the buildbot download section and those do the same thing. I also tried restoring my iPad and rejailbreaking it with both Absinthe and RedSn0w and that didn’t make a difference either.
Surely at some point there was a version that worked with a jailbroken iPad 1 running 5.1.1? If there’s somewhere that’s hosting versions prior to v1.0.0.1 please let me know, thanks.
UPDATE:
Finally found the solution elsewhere on the forum: http://libretro.com/forums/showthread.php?t=978&p=10959&viewfull=1#post10959
It appears v0.9.9.6 is one of the last known working versions for the original iPad.