The 5.0.1 Jailbreak has been released for the iPhone 3GS 4, iPad 1, and iPod Touch 3G and 4G. Best of all, its untethered meaning you don’t have to plug your iDevice into the computer each time you reboot. Follow the guide below to get your iDevice jailbroken in no time and explore endless possibilities with the restrictions now removed.
How to Jailbreak iOS 5.0.1 Untethered – iPhone 3GS 4, iPod Touch 3G 4G, iPad 1 – Step by Step
Redsn0w 0.9.10b3 (Windows)