The Dev Team just announced @pod2g’s untethered solution for non A5 devices has been released. While this untethered jailbreak leaves out the iPad 2 and iPhone 4S, the chronic devteam and the iPhone devteam have worked the jailbreak solution into redsn0w and PwnageTool.

If you are interested in giving it a shot, you can grab it through Cydia and follow the steps below (via Dev-Team Blog)

From 9to5Mac

• The untether is for iOS 5.0.1 on iPhone3GS, iPhone4, iPhone4-CDMA, iPad1, iPod touch 3G, iPod touch 4G
• If you have one of those devices and are not on 5.0.1 yet, update now!  The SHSH window is still open for 5.0.1  If you unlock via ultrasn0w or gevey, make sure you only get to 5.0.1 via a custom IPSW!  See the guides at places like iClarified.com if you don’t know how.  Once you’re at 5.0.1, use the latest redsn0w 0.9.10 to both jailbreak and untether.
• If you’re already at 5.0.1 with a tethered jailbreak, you have two choices:either run redsn0w 0.9.10 over your current jailbreak (deselect “Install Cydia” if you do that), or install the Cydia package prepared by the chronic devteam.  The patches are the same regardless of which you choose.
• Some of you are using a hybrid 5.0/5.0.1 configuration.  If so, do not attempt to install this untether over that setup!  You will most likely get into a reboot cycle.  Do a sync and fresh restore to 5.0.1 then install the jailbreak + untether.

Will you go check it out?