The newest release of iOS 5 has been jailbroken, within minutes of it’s release.
The same version of Redsn0w can be used, as with Beta 1. There are no additional downloads needed to perform the new jailbreak. The only gotcha, is that you will need to point Redsn0w to the Beta 1 ISPW when asked, and then you are ready to jailbreak. This is still a tethered jailbreak for the moment and will work on the iPod Touch 3 and 4G, iPad 1, iPhone 3GS and iPhone 4 (GSM & CDMA).
Get you Redsn0w file here (mac or windows)
Enjoy!
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