(adsbygoogle = window.adsbygoogle || []).push({}); Things you'll need

• An iDevice running IOS 5 (iPhone 4S and iPad 2 users must wait.)
  
• A computer running Windows (Mac OSX user's can use redsn0w)
  
• iTunes 10.5
  

Things you'll need to download
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Step 1
After you've downloaded the files, unzip sn0wbreeze and open the program.
When you reach You must login or register to view this content. screen, click the blue arrow in the bottom right corner.

Step 2
Navigate to the folder you downloaded the IOS 5 IPSW to, and drag it into the box

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Step 3
After it verifies the ipsw, click the blue arrow again, and choose simple mode.

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Step 4
Give it some time to create the IPSW on your desktop. When its done, put your iDevice into DFU mode and do a Shift + Restore in iTunes

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Let it restore, and you should be jailbroken!

NOTE: Do not jailbreak if you rely on an unlock to have service, there is no unlock as of now!
ALSO, This is a TETHERED JAILBREAK, which means you'll have to boot your iDevice with a computer whenever you power down the iDevice.

Thanks for this tutorial. do you know when iOS will be released for iPad 2

IOS 5 is already out for iPad 2, the jailbreak however, is not. It should be out in about a week or so.

ios 5 isnt out for ipad 2 it doesnt let me install the ios 5 it say this version isnt for your build

You have more than likely downloaded the wrong ipsw.
Do you have the WiFi, GSM, or CDMA version?

i downloaded it from the itunes store..... i dont jailbreak my ipad 2

I wonder how long we'll have to wait for an untethered jb

Probably only a week.

Now is this the JB that is tethered for all other devices but the iPhone 3gs old bootrom is untethered?

Yes .