As usual, that didn’t take long. Hot of the heels of the Beta 5 release of iOS 5, the iPhone Dev Team has released RedSn0w 0.9.8b5, which, of course, allows you to jailbreak Apple’s bleeding edge firmware.

Per the norm, this is a tethered jailbreak, meaning you’ll have to be near a computer to perform a tethered boot if you have to restart your device for any reason.

This latest version of RedSn0w is available for both Mac and Windows users. Check inside for more details…

It’s business as usual as far as the jailbreak process goes. If you need help, head over to our in-depth RedSn0w tutorial for the full lowdown on how to jailbreak with RedSn0w.

As always, we only recommend that you install iOS 5 betas if you’re a legitimate developer. Otherwise, as MuscleNerd stated in his tweet, the final version isn’t too far off.

You can download both the Mac and Windows versions of RedSn0w 0.9.8b5 in our downloads section.

If you take the plunge, let us know how things work for you!