Finally, the wait is over. The long awaited iOS 5 untethered jailbreak has finally been released by the Chronic Dev team. I have just performed an upgrade to iOS 5.0.1 on my iPad and after that, i performed an untethered jailbreak, thanks to pod2g's work on this exploit which enables users (like me) to enjoy a fully untethered jailbreak on iDevices (except for iPad 2 and iPhone 4S).
It's working flawlessly and it runs smoother even though i had some problems while performing it (most of it because of my lack of understanding, so basically it's my fault), but that has been sorted out and now, i'm running on iOS 5.0.1.
For those who wanted to perform an upgrade to iOS 5.0.1, please visit FreakGeeks for more information about this. Don't forget to always BACK UP your data before performing any of these actions mentioned on the article. Your loss is not theirs or my fault :)