Jailbreak 5.0.1 untethered confirmed today by the talented Chronic Dev-team member Pod2g. He announced on his Twitter that his untethered jailbreak exploit has successfully work with iOS 5.0.1, as he tested it on his iPhone 4. For who don't know Pod2g has announced about his iOS 5 untethered jailbreak for the first time last week in the famous video that showed iOS 5 untethered jailbreak on iPod touch 4G.
According to Pod2g, now feel free to upgrade your iPhone, iPod or iPad to iOS 5.0.1. But if your iPhone rely on unlock with ultrasn0w or Gevey SIM you MUST stay away from this update.
So what's next ? Pod2g is working now on jailbreak iOS 5.0.1 / 5 untethered on iPhone 4S and iPad 2, so the question that we all ask Pod2g, When you will release iOS 5.0.1 untethered jailbreak ? will you wait until your tests succeeded on iPhone 4S and iPad 2 or you will wait for iOS 5.1 official release which became sooner as Apple released iOS 5.1 beta 2. Please reply, Pod2g.
Update 1 : Jailbreak 5.0.1 untethered has been released, get it now - Click Here
Update 2: Now you can make iPhone official factory unlock, you can check the details from here