As beautiful and tempting as it is, do not install xcode iOS 5 and build your Corona app against it. It will fail.

It is still a beta SDK and I know how much we love to be in the bleeding edge of the bleeding edge, so much so, that our eyes bleed the shiny object syndrome and we at one point start to behave as a single crowd, therefore, I dis-courage you from installing xCode 5 and building Corona apps against it until we give you the green light. Right now, it fails, we know why it fails, but is not ready for prime time yet. So trust me, do not build against it.

We are aware of the issue, and we will fix it as soon as we get our daily drip from the mother ship (Apple) as to when they will have a RTM.

And yes, we will look into implementing some of the new features of iOS 5.

Carlos