Sn0wbreeze 2.8b8 has been released to jailbreak iOS 5 which has been announced yesterday on Apple’s “let’s talk iPhone” event. And the Golden Master version has been released to developers. And MuscleNerd has confirmed yesterday that Redsn0w 0.9.9b2 can jailbreak (tethered) iOS 5 GM.

Features Of Sn0wbreeze 2.8b8:

INSTANT IPSW detection
UDID Developer check removal is no longer needed.
Still has the ability to hacktivate.
Still preserves the baseband

Notes On Jailbreak iOS 5 GM using Sn0wbreeze 2.8b8:

This is a tethered jailbreak meaning that you will have to jailbreak your device every time you reboot your device. But still better than no jailbreak at all.
Sn0wbreeze let’s you cook your own jailbroken iOS 5 GM before installing it on your iDevice and allow you to preserve your baseband to remain unlocked.