I know that a lot iPhone users are waiting for the untethered jailbreak for iOS 5.0.1. Well I have a very good news for all of you: now you this solution is available for download.
@pod2g is a hacker which has discovered an exploit possibility in iOS 5.0.1. Thertefore, he has informed Chronic Dev Team and iPhone Dev Team regarding this exploit possibility, in order to create a jailbreak package based on this. In this regard, we have received the updated package from iPhone Dev Team, marked as redsn0w 0.9.10b1. Using this redsnow version you could accomplish an untethered… Continue to iOS 5.0.1 Untethered Jailbreak: Corona 5.0.1 Untether Cydia Tweak