Finally the long wait is over! An untethered jailbreak for iOS 5.0.1 has been released for your iPhone, iPad, or iPod Touch. Thank you Redmond Pie! But unfortunately not for the iPhone 4S or the iPad 2 as of yet. The video below should help you with the jailbreak AFTER you have downloaded Redsn0w 0.9.10b1. Good luck and happy teching!