Cydia is now saving SHSH blobs/APTickets for devices on iOS 5.0.1.
While not available yet, an iTunes tweak or custom restore tool will be eventually be released to use those blobs for downgrading to iOS 5.0.1.
At this point we still recommend using RedSn0w to save your SHSH blobs so that you'll have a copy which can be used to stitch a custom ipsw.
You can find instructions on using RedSn0w to save you SHSH blobs here:
● iPhone (Windows, Mac)
● iPod Touch (Windows, Mac)
● iPad (Windows, Mac)

[Image via iSpazio]
While not available yet, an iTunes tweak or custom restore tool will be eventually be released to use those blobs for downgrading to iOS 5.0.1.
At this point we still recommend using RedSn0w to save your SHSH blobs so that you'll have a copy which can be used to stitch a custom ipsw.
You can find instructions on using RedSn0w to save you SHSH blobs here:
● iPhone (Windows, Mac)
● iPod Touch (Windows, Mac)
● iPad (Windows, Mac)

[Image via iSpazio]


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