Today has been a big day for the jailbreaking community. It started with Spire the first legal Siri which can be downloaded right now from Cydia and later the big one. The untethered jailbreak for iOS 5.0.1. So keeping with the tradition, iPhone Dev team has released PwnageTool for iOS 5.0.1 to jailbreak A4 devices.
The iPhone Dev team has updated PwnageTool to jailbreak iPhone 4, iPhone 3GS, iPad 1 and iPod touch.
For those folks who are not familiar with PwnageTool it is the tool for preserving your baseband which is very useful for those users who rely on unlocking using Ultrasnow or Gevey SIM.
PwnageTool preserves your baseband for Mac just like Snowbreeze does for Windows. So if you did not jailbreak yet thinking about preserving your baseband well now is the time to do so. Download PwnageTool from the link below.
A big thanks to pod2g who worked hard on creating the exploits for untethered jailbreak on iOS 5.0.1 and to iPhone Dev team as well as the Chronic dev team for publishing these untethered jailbreak tools.