Huawei has released the Beta version of Gingerbread update for Ideos X5 U8800 smartphone. It can now be downloaded from their official website and installed. Update size is 192.33MB.
This update is not recommended for everyone as it is still in beta, so if you can wait for a while more, the stable release should be coming very soon.
There is no change-log available right now, but should be released along with the final update.
Update: Huawei has removed the beta version of the update due to some bugs. You can find the full statement from the company below:
In response to your feedback regarding technical difficulties with the trial version of the X5 Gingerbread upgrade, we are discontinuing its availability. We apologize for this inconvenience. An improved trial version will be released next Thursday on the Huawei Device website.