I had the same problem, went onto the developer forum and
m3mn0n had posted this :
+I just had a frustrating little quest google searching around for an answer to this and a way to get the latest release.+
+Beta 5 basically won't let you update normally via iTunes (says some random error message and/or will tell you it's already updated) and the GM seed isn't available for download anymore.+
+What needs to be done is putting the iPhone/iPod Touch into recovery mode and then plug it into iTunes in order to get it to download the update and restore.+
+That should do the trick.+
+A guide on restoring it + recovery mode is located here:
http://support.apple.com/kb/HT1808+
+Message was edited by : m3mn0n at 7:52 PM+
Hope this helps all