Just a quick little heads up. Few minutes ago we broke the news with iOS 5 beta 2 release. Now and after testing iOS 5 beta 2, we can say that you are able to jailbreak iOS 5 beta 2 with redsn0w 0.9.8 b1 which released by dev team few weeks ago.
How to jailbreak iOS 5 beta 2, iPhone 4, 3GS, iPod touch 4G, 3G and iPad 1:You can follow our previous guide Click Here for Mac or Click Here for Windows, the instruction are the same, after installing iOS 5 beta 2, use Redsn0w 0.9.8 b1 and point to iOS 5 beta 1. Unlockers stay away.
Download iOS 5 beta 2