Earlier today Apple seeded iOS 5.0.1 beta to developers. This update on the iOS firmware is said to fix a few bugs and enhance performance. Amongst the issues the update addresses are the iPhone 4S battery issues, the iPad 2 smart cover security flaw, and multitasking gestures for the original iPad. If you happen to be a jailbreaker who couldn’t resist the urge of updating to the new beta firmware, we have some good news for you. MuscleNerd of the iPhone Dev Team has recently tweeted that the latest version of RedSn0w (RedSN0w 0.9.9 beta 7) can jailbreak iOS 5.0.1 beta. All you need to do is to point the RedSn0w 0.9.9 b7 to the iOS 5 IPSW (not the iOS 5.0.1 beta IPSW). We assume that the iPhone Dev team will update RedSn0w as soon as or possibly even before iOS 5.0.1 beta is released to the public. As usual, this is a tethered jailbreak which means that you will need to connect your iOS device to your computer and use the “Just Boot” option in RedSn0w to restart your iPhone. Following the convention of the previous jailbreaks, the iPhone 4S and the iPad 2 are  not compatible . The semi-tether is also available although as of right now, unconfirmed. Stay tuned for more info! Source: Apple, MuscleNerd Authors: