Hacker pod2g is on iOS 5.0.1 untethered jailbreak. He has recently posted an interesting update:
The jailbreak is near ready for prime time (excluding 4S and iPad 2).
For now the jailbreak is tested on all devices, including , iPhone 3GS, iPad 1, iPod Touch 3G and iPod Touch 4G. iPad 2 and iPhone 4S status is “work in progress”.
pod2g has also published a new video demo of iOS 5.0.1 untethered jailbreak for iPhone 4:
http://www.youtube.com/watch?v=qdF58anFtiQ




