Apple released iOS 5 beta 2 today. Registered iOS developer may download iOS 5 beta 2 through iOS Portal and update the previous iOS 5 beta 1 version.

There several known issues on iOS 5 beta 1 which already fixed in iOS 5 beta 2 version. Also new features, improved performance and features such as:
- Create iCloud account with any apple ID except MobileMe.
- Issue while using Find My iPhone when switching from iCloud back to MobileMe.
- Fixed incorrect message while deleting MobileMe account.
- Fixed issue with contacts
- Airplay-enabled by default for video content in apps or websites.
- Etc.
You can see the full change logs on iOS 5 beta 2 here:
iOS 5 Beta 2 Changelogs
Where to download iOS 5 beta 2?
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