iPhone Dev Team Recently Released Redsn0w 0.9.10b2 to jailbreak iOS 5.0.1 Untethered for iPhone 4, iPhone 3Gs, iPad 1, iPod Touch 3G and iPod Touch 4G.
The Redsn0w 0.9.10b2 version includes launchcti related which is fixed by planetbeing as mentioned by Saurik.
iPhone Dev Team :
Update #2: The b2 version of redsn0w includes the launchctl-related fix by @planetbeing as mentioned by @saurik here and here. As usual, you can just re-run redsn0w in jailbreak mode over your existing 5.0.1 jailbreak (even a PwnageTool one), making sure to de-select “Install Cydia” if you do. Always be sure to do a controlled “slide to power off” shutdown of your device before running redsn0w.
Saurik :
Corona (5.0.1 untether) apparently breaks `launchctl`; @planetbeing figured out what caused it, and I patched the package: upgrade to 1.0-2.
Download Redsn0w 0.9.10b2
How to Jailbreak iOS 5.0.1 Untethered Using Redsn0w 0.9.10b2
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