iOS Hacker has just released Sn0wbreeze update to jailbreak iOS 5.0.1. How To Jailbreak IOS 5.0.1 With Sn0wBreeze? it’s easy to jailbreak iOS 5.0.1 in ten steps:
Step 1: Download Sn0wbreeze 2.8b11. Downlod link
Step 2: Download ITunes 10.5.
Step 3: Update your iOS device to iOS 5.0.1. iOS 5.0.1 Download
Step 4: Open Sn0wbreeze 2.8b11, click the blue arrow to go to the next page and find the downloaded IPSW file that you downloaded above. Now that you have verified your firmware, click the blue arrow button again
Step 5: select Expert Mode If you are unlocking you will want to use expert mode. and tap the arrow once again.
Step 6: Now click the blue arrow button again you will see some options. choose Activate The iphone [Hacktivating].
Step 6: Now connect your device and click OK. Keep following the steps to slip your device into DFU mode. A confirmation notice will appear if everything works ideally.
Step 7: Open iTunes, opt your device in the list view, and while holding down the left Shift key on your keyboard, click the Restore button. This will permit you to navigate to your custom firmware file which you have produced via Sn0wbreeze.
After the completion of this process, you have to boot tethered. So just follow the steps below.
Step 1: Open iBooty ( Download iBooty), which can be seen on your desktop by default, choose your device and tap Start.
Step 2: To let your device enter into DFU mode, Keep following the on-screen instructions.
Step 3: Your device will be live again with the courtesy of iBooty. Now you can install all your desired apps and tweaks from Cydia!