this is for all my phone heads out there.
earlier today @iphone_dev made it known to the free world that an unthethered jailbreak
was available for ios 5.0.1. wich has its ups and downs. its prefered that you update to 5.0.1 since apple is still signing sh blobs for it. that way you can always downgrade to 4.3.3/4.3.5 in the future if you wanted/needed.
this jailbreak isnt available on anything running on the A5 chip (iphone4s/ipad2) YET.
but who cares about an ipad/ipad2 when you can have this beast