iPhone Dev-Team Releases Tethered Jailbreak for iOS 5

It's no big surprise that a jailbreak was available for iOS 5 within hours of its release.

Unfortunately it's a tethered jailbreak, which for most of us will probably mean that it's more hassle than it's worth.

However, if you can't wait for an untethered jailbreak, mobiputing.com has a guide on how to jailbreak iOS 5.