Apple released iOS 5 beta 2 firmware update today for developers only. Musclenerd, iPhone Dev Team hacker, has confirmed via a tweet that you can jailbreak (tethered) the iOS 5 beta 2 firmware with the previous version of redsnow 0.9.8 (Mac/Windows). Musclenerd has also confirmed that this jailbreak technique will also work for all future beta releases of iOS 5 which is a very good news for all the jailbreakers out there.

redsnow 0.9.8 should be able to jailbreak all iOS 5 beta releases by pointing redsnow 0.9.8 to iOS 5 beta 1 ipsw file. If you want to jailbreak iOS 5 beta 2 just point redsnow to iOS 5 beta 1 then follow the guide below for both Mc and Windows. We also remind you to save your SHSH blobs before upgrading here.

Tutorial :  Jailbreak iOS 5 beta 2 Using redsnow 0.9.8 On Windows and Mac [How To]

As always, unlockers should stay away from upgrading to iOS 5 firmware if you want to keep your iPhone in an unlocked state. Also, stay patient as we will upload iOS 5 beta 2 direct download and torrent links very soon.