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Good news, jailbreakers! Pod2g today confirmed that his iOS 5 untethered jailbreak demoed few days ago on iPod touch 4G is working on iPhone 4 running iOS 5.0.1. The news comes from pod2g’s Twitter timeline who invites users to update to iOS 5.0.1 in case they want to.

Got an untethered iPhone 4 running iOS 5.0.1. Feel free to update.

Pod2g has previously warned users from upgrading to iOS 5.0.1 and give him time so he can use the discovered security flaw found in iOS 5.

Since his jailbreak is currently working on iPhone 4 iOS 5.0.1, you can feel free to upgrade.
Next step now is to test the untethered jailbreak on the A5 devices as the iPhone 4S and iPad 2. If the jailbreak is a new exploit, then it will most probably work on the devices. If it’s a big that changes tethered to untethered based on limera1n’s exploit, then it won’t work.

There’s currently no release time for this jailbreak. We’ll be back with more news once we get it. Stay tuned!
Source : iOS 5.0.1 Untethered Jailbreak Confirmed Working On iPhone 4 ~ iPhonworld.com