yes...and dont listen to the straightedges here that'll try to deter you from loading iOS5 on your device if you dont own a developer account..its not a big deal..just know iOS5 is in its beta stage, and so if anything goes wrong, you'll have little support..and you may not be able to revert to older firmware (with ease at least)
What is the legal agreement involving you and iOS 5?
Are you allowed to put it on other devices?
How does this work?
Could a friend of mine give my device iOS 5 for testing because he can't as he has a second generation?
If you are an official member of his development team, then yes, you could install iOS 5 on your iPod legally. Technically, anything not publicly debuted by Apple is still "Apple Confidential Information," and shouldn't even be discussed with other registered developers. The only exception is when they are members of the same development team.
So, to go over it, say I was an official bug tester etc. (forget about the official part, I understand)
What would I need to register to his account, would that change my registration?
Would he just add my device to his list, and then I could do it? and last thing, would I be able to use iCloud with my account, or would it not let me....just curious
last question for now:
What about iTunes, would I need to update that?