Edit: After half day, my wife’s Mac started having the same problem. I have then applied the solution that I found in the Apple
Video : iPhone 4S iOS 5.0.1 Untethered Jailbreak , Not Long Now Till Public Release –
Earlier in the week we heard from pod2g that we can expect a jailbreak released some time last week but that has not happened for some unknown reason. Do not loose all your hope because we have seen a video released from pod2g which shows an iPhone 4s jailbroken , The demonstrated jailbreak is untethered and running iOS 5.0.1 . Pod2g added to his blog post saying
Only a few now
There was no indication if he meant hours , days or week. From the way this jailbreak team is moving forward we are expecting that we will see a jailbreak for both the iPhone 4s and iPad 2 released to the public by Wednesday.