A nice little holiday gift from pod2g! As promised, he released his untethered exploit to Chronic Dev Team as well as the iPhone Dev Team and both have incorporated the untethered jailbreak into their tools.
This untethered jailbreak is for iOS 5.0.1 on iPhone3GS, iPhone4, iPhone4-CDMA, iPad1, iPod touch 3G, iPod touch 4G. In other words, it will not work on any A5 devices yet (iPad 2 and iPhone 4s) as their are enhanced security measures with that chip that need to be worked out.
PwnageTool Official Bittorent Releases
SHA1 Sum = 32e90607378988cdebb6c76d3acf8ffac6366e35
AppleDrunk Mirror: PwnageTool 5.0.1