The jailbreakers among you are probably anxiously awaiting the first untethered iOS 5 jailbreak promised by pod2g and MuscleNerd. However, if you've upgraded to iOS 5.0.1, you'll be out of luck because the first untethered jailbreak will be for iOS 5.0 only. Nothing later.
In iOS 4 and earlier, you could simply restore your iPhone to the base version of the firmware (ie: 4.0), but with the introduction of iOS 5, Apple made it so that once you upgraded the OS to a later version (ie: 5.0.1) it was impossible to downgrade via a resto