Apple has released the final version of iOS 5 to the public, but we see lots of users getting errors. Some are due to the server load. First thing you need to do is update your iTunes to 10.5. You then need to connect your iOS device to your MAC / PC and check for updates. But I was getting this error as show below for both my iPhone 4 and iPad

Solution
You can download the updates from Apple server directly and restore it on your iOS device.
iOS 5 Download Link
- iPhone 3GS
- iPhone 4 GSM
- iPhone 4 CDMA
- iPhone 4,1 (4S?)
- iPad
- iPad 2 WiFi
- iPad 2,2 – GSM
- iPad 2,3 – CDMA
- iPod touch 3G
- iPod touch 4G
- Apple TV2
Select the right device and download it to your MAC / PC.
Connect your iOS device and click the restore button holding the option / alt key and browse to the location of the downloaded restore file. Please make sure that you back up before you start the restore process.
Things should go fine
Update : I have updated my iPad 2 Successfully, downloading the iPhone 4 Restore file, servers are very slow
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