Today, the untethered jailbreak for iOS 5.0.1 was released. Other jailbreak tools include RedSn0w and the Corona package were also released to provide for an untethered jailbreak but this is the only way to preserve your baseband for an unlock. Step 1: Download PwnageTool 5.0.1 & run it Step 2: Select your device (e.g. iPod Touch 4G) and hit next Step 3: PwnageTool will search for your iOS 5.0.1 firmwar ...