Apple released iOS 5.0.1 this week and there’s already a technique to jailbreak it. But there are a couple of things to remember before you jailbreak your iPhone, iPod touch, or iPad. First, this is a tethered jailbreak, meaning you must connect your device to a PC and run the software again whenever you need to reboot.
2nd , you may not need to update to iOS 5.0.1 at all if you are hoping for an untethered jailbreak. An exploit was found in iOS 5.0 that might be utilized in a future untethered jailbreak tool, but if you update now there is not any good way to roll back to iOS 5.0 so you will struggle to use the new tools once their available. 3rd , there’s now no way to jailbreak an iPhone 4S or iPad two. 4th , the method is more complicated if you happen to have got a carrier unlocked machine.
You might like to wait to be certain that ultrasn0w is updated to support iOS 5.0.1 and you will need to preserve your older baseband before upgrading to iOS 5.0.1. Eventually , for the moment performing an untethered jailbreak needs you to manually select an older IPSW file. If you used iTunes to update your device to iOS five you must still have the proper IPSW on your computer.
[Via]
