Less than 24 hours after the iOS 5.0 beta was released to developers, news has come out that iOS 5.0 has successfully been jailbroken. At this time this is just a tethered jailbreak, meaning that each time your iPhone/iPod Touch/iPad is rebooted it must be connected to the computer. For those of you considering this iOS 5.0 jailbreak read on for more info.
The key thing to remember here is that 5.0 is beta software and the 5.0 jailbreak from limera1n is released for developing purposes, so most of the current cydia apps will not work and may result in problems with your device. As of right now sbsettings and activator are known to have 5.0 compatibility problems.
For those of you who want to give this a go, you must be on a mac, click here for the download.
Please remember to back up your device before you attempt to jailbreak 5.0. Feel free to post any other cydia apps that are not compatible with the new tethered iOS 5.0 jailbreak. At this time the release date for a 5.0 untethered jailbreak is not known and will most likely not be released until the iOS 5.0 official release.