The Dev-Team is also working on the jailbreak of IOS 5

A while ago I told my friend Paul that Chronic Dev Team is working hard in the jailbreak of IOS 5 and as we know is also working on the iPad bootrom 2, which may be the same we find in the iPhone 5, to get a jailbreak that can not be closed with a simple upgrade.

For the Dev Team, creators of Redsn0w, Pwnge Ultrasn0w Tool and also acknowledge to be working with the new firmware iOS 5 that between us we have about a month. MuscleNerd said to have realized that it is more effective not to make too much noise and you avoid criticism and avoid impatient people Apple can find out as it did last year with an exploit of Comex.

Meanwhile you can jailbreak tethered (tied) to your IOS device 5.

Here's a guide to get install IOS 5.