Group of hackers and developers iPhone Dev Team and Chronic Dev Team recently released a new version of Redsn0w and Corona that can fix the launchctl issue in untethered jailbreak for iOS 5.0.1.

The long wait finally over. Both iPhone hackers and developers iPhone Dev Team and Chronic Dev Team both released their untethered jailbreaks for Apple's newest mobile operating system, iOS 5.0.1. The organizations released Redsn0w and Corona iOS 5.0.1 Untether, respectively.

The two can perform untethered jailbreaks in various Apple devices such as iPhone 4, iPhone 3GS, iPod touch 4G, iPod touch 3G and the first generation of iPad.

According to the blog of iPhone Dev Team, "The b2 version of redsn0w includes the launchctl-related fix by @planetbeing as mentioned by @saurik here and here. As usual, you can just re-run redsn0w in jailbreak mode over your existing 5.0.1 jailbreak (even a PwnageTool one), making sure to de-select "Install Cydia" if you do. Always be sure to do a controlled "slide to power off" shutdown of your device before running redsn0w."

If you have installed Corona iOS 5.0.1 Untethered v1.0-3 that was recently released, there is no need to rerun Redsn0w in your handset. Also, if you have already jailbroken your device, you can simply run this new release right over the top of your current jailbreak, however, be sure to uncheck the "install cydia" option when you get to that screen. Otherwise, if you are on a stock firmware, leave "install Cydia" checked.

However, some users who had used Corona iOS 5.0.1 untether to convert their tethered iOS 5.0.1 jailbreak to untethered jailbreak or used Redsn0w to perform the untethered iOS 5.0.1 jailbreak had reported issues with some jailbreak apps. Moreover, a number of people are reporting that issues arise after rerunning Redsn0w.

Remember to back up your phone before doing the procedure to ensure that your files will not be lost and ensure that you are running on the latest iTunes. Also, jailbreaking your phone will void the warranty of your handset. Thus, proceed at your own risk.