Great News! You can now SHSH your iOS 5.0.1 on Cydia, even your iDevice on iOS 4.3.3/ 4.3.4/ 4.3.5.
This iOS 5.0.1SHSH, Cydia will take the rest and help you auto back up when you launch Cydia now.
How to SHSH? is free and easy
Step 1: Launch Cydia.
Step 2: “updating” or “reloading data” will pop up on top of screen.
Step 3: Just wait for few minutes and you will find out iOS 5.0.1 pop out on following SHSH