Demonstration Video:
http://www.dailymotion.com/video/edit/xm6jbl_how-to-jailbreak-ios-5-using-redsn0w_lifestyle

New iOS 5.0.1 ispw Files!

iPhone 4S: http://appldnld.apple.com/iPhone4/041-3305.20111109.Bghy6/iPhone4,1_5.0.1_9A405_Restore.ipsw

iPhone 4 (GSM): http://appldnld.apple.com/iPhone4/041-3309.20111109.64rtg/iPhone3,1_5.0.1_9A405_Restore.ipsw

iPhone 4 (CDMA): http://appldnld.apple.com/iPhone4/041-3304.20111109.Vgtyh/iPhone3,3_5.0.1_9A405_Restore.ipsw

iPhone 3GS: http://appldnld.apple.com/iPhone4/041-3307.20111109.5tGhu/iPhone2,1_5.0.1_9A405_Restore.ipsw

iPad 2 WiFi: http://appldnld.apple.com/iPhone4/041-3310.20111109.Cfp76/iPad2,1_5.0.1_9A405_Restore.ipsw

iPad 2 GSM: http://appldnld.apple.com/iPhone4/041-3311.20111109.Vpr43/iPad2,2_5.0.1_9A405_Restore.ipsw

iPad 2 CDMA: http://appldnld.apple.com/iPhone4/041-3312.20111109.zp3ws/iPad2,3_5.0.1_9A405_Restore.ipsw

iPad: http://appldnld.apple.com/iPhone4/041-3308.20111109.Fvgtr/iPad1,1_5.0.1_9A405_Restore.ipsw

iPod touch 3G: http://appldnld.apple.com/iPhone4/041-3314.20111109.Mbgh6/iPod3,1_5.0.1_9A405_Restore.ipsw

iPod touch 4G: http://appldnld.apple.com/iPhone4/041-3313.20111109.Azxe3/iPod4,1_5.0.1_9A405_Restore.ipsw