Famed iOS hacker Steven also known as iH8sn0w among jailbreaking community has updated his flagship tool sn0wbreeze v2.8 to BETA 11, which now support iOS 5.0.1 jailbreak seeded by Apple earlier today to public which primarily addresses battery drain issue.
The latest version of sn0wbreeze jailbreaks iOS 5.0 (9A334), iOS 5.0.1 (9A405) and promises to fix iBooks sandbox crashing issues available in the tool since iH8sn0w released sn0wbreeze 2.8b9.
iPhone 3GS users who are already unlocked iOS 5 on iPad baseband (06.15.00) must note that this release also fixes location services issues with device and the hacker has re-added iPad baseband install option to iPhone 3GS.
Those who are living under the rock must note that Sn0wbreeze is windows based jailbreaking tool which is used to create custom .ipsw files that are pre-jailbroken. Those files can then be used to restore iPhone, iPad or iPod touch.
Except iPhone 3GS (Old Bootrom), only tethered jailbreak is possible for iPhone 4 (both GSM and CDMA), iPhone 3GS (New bootrom), iPod touch 4G/3G and iPad 1G.

As there is no untethered jailbreak for iOS 5, we will have to boot the jailbroken device into a tethered mode using iBooty utility. You will find it on your desktop which is automatically downloaded during the IPSW creation process.
Download Sn0wbreeze 2.8b11





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