Untethered jailbreak for ios 5.0.1 released

The iPhone dev team has announced iOS 5.0.1 jailbreak for all Apple A4 based devices like iPhone 4, iPhone 3GS, iPod Touch 4G, iPod Touch 3G & the iPad 1. This untethered jailbreak is based on the exploit found by @pod2g and involves two separate exploits and a few other “tricks”. The iPhone dev team has used this exploit in both redsn0w 0.9.10 and PwnageTool jailbreaking tools. Important: This exploit is not available on Apple A5 based devices like the iPhone 4S and iPad 2. So stay away till @pod2g comes up with an update.

How to Jailbreak iOS 5.0.1 using redsn0w 0.9.10b1?

The iPhone dev team has provided basic steps on how to get it The untether is for iOS 5.0.1 on iPhone3GS, iPhone4, iPhone4-CDMA, iPad1, iPod touch 3G, iPod touch 4G If you have one of those devices and are not on 5.0.1 yet, update now! The SHSH window is still open for 5.0.1 If you unlock via ultrasn0w or gevey, make sure you only get to 5.0.1 via a custom IPSW! See the guides at places like iClarified.com if you don’t know how. Once you’re at 5.0.1, use the latest redsn0w 0.9.10 to both jailbreak and untether. If you’re already at 5.0.1 with a tethered jailbreak, you have two choices: either run redsn0w 0.9.10 over your current jailbreak (deselect “Install Cydia” if you do that), or install the Cydia package prepared by the chronic devteam. The patches are the same regardless of which you choose. Some of you are using a hybrid 5.0/5.0.1 configuration. If so, do not attempt to install this untether over that setup! You will most likely get into a reboot cycle. Do a sync and fresh restore to 5.0.1 then install the jailbreak + untether. The iPhone dev team explains that the untether jailbreak isn’t available for iPhone 4S & iPad 2 since those devices cannot use Geohot’s limera1n exploit to inject the untether, they require exploits above and beyond those used for this release.

REMEMBER
*The untether is for iOS 5.0.1 on iPhone3GS, iPhone4, iPhone4-CDMA, iPad1, iPod touch 3G, iPod touch 4G*

 Downloads: Mac OS X
                    Windows (run in admin mode) 
                    Windows (if the above don't work)

Look at the Video (by iDownloadblog) below for futher information on how to use the new redsnow for iOS 5 .