iOS 5.0.1 has been released; you may now update it directly from your iDevice(s). This adds multitasking gestures to the iPad 1, fixes a few bugs, and some other updates, too. If you have an iCloud account, you can backup your apps, songs , etc. and update. Then once you've finished this 5-minute update, all your data will be back on your screen. This is the future.
Apple. Think big. <----- what?
