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Its been less than 2 days and iOS5 is already cracked! Non developers can now install the iOS 5 beta on their iPhones.

This backdoor uses a security exploit in the activation screen.
How to upgrade to iOS 5 for iPhone 4,3GS ,iPod touch 4G, 3G and iPad 1, 2:

Step 1: Download the iOS 5 IPSW file for iPhone 4 and iTunes 10.5 -  Click Here.

Step 2: Install iTunes from the downloaded DMG file.

Step 3: Update your phone with itunes by connecting it and clicking on the "Check for Update" button while holding down the Option key (Shift on a PC). Select the iOS5 IPSW you just downloaded and confirm.

How to Activate iOS 5 without developer account

Step 1: Triple click the home button to activate Voice Over
Step 2: Triple click the home button and Emergency Call will appear.
Step 3: Click on Emergency Call and, while its switching, swipe with your three fingers down.
Step 4: The Notification Center will appear!
Step 5: Click on the Weather widget and wait for the weather app to load.
Step 6: Click on the home button to exit to the iPhones springboard.

There you go! Your iPhone is now running iOS 5.

Update:
You have to go throught the setup and get to the screen that says "Servers Not available, please try again later" or something like that and then do the tripple home click procedure.

play safe and Save SHSH Blobs of Your Current Firmware Using iFaith

Like in all IOS updates
Warning: Only Factory Unlock Phone ( Jailbreak & Unltrasn0w Unlocker Stay Away )
Until someone has the balls to test...

Video


Before we even start, obviously this is something that isn’t covered by warranty and may destroy your phone.  Once you go to iOS 5, you cant go back. APPLE WILL LIKELY FIX THIS IN AN UPCOMING iOS 5 UPDATE AND YOU WON’T BE ABLE TO USE YOUR DEVICE (until iOS 5 final is released or a developer adds your phone to his or her device list).

Gizmodo see a video on how to activate an iPhone on iOS without having your device ID provisioned by a developer/Apple.  The exploit uses a combination of Voiceover and the pull down notifications to activate the phone.  The user that found this exploit says the device continues to work after restarts (so you won’t need to activate it every time you restart).