The Chronic Dev-Team has announced the release of Corona, a Cydia package to
untether your tethered iOS 5.0.1 jailbreak.
This package will allow your 5.0.1 device to install pod2g's untethered exploits and reboot without requiring an external tool like redsn0w or sn0wbreeze, and without having to restore your device (so you get to keep all your apps, contacts, etc).
You can quickly access, download & install Corona 5.0.1 Untether (Chronic Dev team’s version, packaged in the Cydia store) for your iPhone 4, iPhone 4 (CDMA), iPhone 3GS, iPad 1, iPod Touch 4G & iPod Touch 3G *CURRENTLY RUNNING iOS 5.0.1* by following the steps below:
Click here to Read Step by Step Guide