In the last couple of days, the iPhone hacker planetbeing has announced that he is working on an update for a fix that will solve the issue that has been faced by many people on the iBook DRM issues. and yesterday The iPhone Dev-Team released RedSn0w 0.9.10b5.
Just now the Chronic dev Team has updated the Corona 5.0.1 Untether to version 1.0-7 which brings fix to iBooks DRM issues.
@ saurik the developer of Cydia has stated that about Corona 5.0.1 Untether v 1.0-7:
Corona 1.0-7: @XusBadia reported that 1.0-6 had a “Depends” that made it refuse to install on an original iPad.This has been corrected.
How to Fix 5.0.1 iBooks using Corona 5.0.1 Untether v 1.0-7
Just Start Cydia on your jailbroken iPhone iOS 5.0.1, then Search for “corona” in Cydia and install it. after this corona will fix iBooks DRM issue automatically on your iDevice .
Note: After running Corona 5.0.1 Untether v1.0-7, reboot your idevice.
let us know if you need any help
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