Twitter Update from iPhone Hacker @Pod2g :
The new untethered jailbreak on iOS 5.0.1 will support iPhone 4 , iPhone 3GS , iPod Touch 4 , iPod Touch 3G , iPad 1 . This will not unlock your phone . To known more about the latest iPhone Unlock details read this post here and here . Make sure you save your iOS 5 and iOS 5.0.1 SHSH Blobs before proceeding to jailbreak or firmware upgrade . Downgrade from iOS 5.0.1 to iOS 4.3.3 is also possible using new Redsnow update .
Currently there are three iOS 5.0.1 Jailbreak tools available for download which can be turned in to semi-tethered using a jailbreak app from Cydia [link] .
Note that there is No ETA on the release of iOS 5.0.1 untethered jailbreak . This jailbreak will not support A5 processor powered devices like iPhone 4S and iPad 2 . To get more updates , Subscribe to our Free Newsletter Updates .