iOS 5.0.1 IPSW Firmware (Build 9A402) released few hours ago and it’s jailbroken now. below you will have the full guide How to jailbreak iOS 5.0.1 on iPhone 4, iPhone 4GS, iPod Touch 4G,iPad, iTouch 3G (Tethered not Untethered). iPad 2 and iPhone 4S are not supported yet.
iOS 5.0.1 is currently jailbroken using the latest redsn0w version juts by pointing it over the iOS 5 IPSW. With Full Instructions to Jailbreak iOS 5.0.1 on all iDevices running it except iPhone 4S and iPad 2.
Jailbreak 5.0.1 iPhone, iPad, iPod Touch using Redsn0w
Step 1 – First Download the required files:
* iOS 5.0.1 for iPhone, iPod Touch, iPad
* Redsn0w 0.9.9b7
Step 2 – Connect your device, sync it with iTunes then restore to iOS 5.0.1
Step 3 – Now Open Redsn0w, click on Extras (Not Jailbreak), then select IPSW and point it to iOS 5 IPSW Firmware file.
Step 4 – Now hit back, then click on Jailbreak and check on “Install Cydia”
Step 5 – Now Follow the on-screen instructions to get your Device into DFU Mode .
you’ll get your device Jailbroken within few minutes of installing some important exploits on your iOS Device. You’ll get a white Cydia icon once Jailbroken, then you need to make tethered boot to get it working. This is a Tethered Jailbreak, not the Untethered One, so you’ll need to reboot every time you need to tethered boot.
iOS 5.0.1 Tethered Booting
Step 1 – Open Redsn0w, hit Extras then “Just Boot”
Step 2 – Now Hit Next and then follow the on-screen instructions to get into DFU Mode.
That’s it you have Successfully Jailbroken 5.0.1 on iPhone, iPad and iPod Touch , and if you have already got a Developer account to Download iOS 5.0.1 IPSW Firmware .