Does any 1 know when the new update will come out 5.0.2

Not that I know of.

If you want you could always go to apple.com/feedback and tell them to come out with it sooner.

Please, no speculation here.

You're very far off with iOS 5.0.2, FYI.

I'd tell you if you stop SHOUTING!!! Then again, I have no clue, as does everyone here. When Apple makes a public announcement, you'll know just as soon as everyone else.