How to Downgrade from iOS 8.0.1
iOS 8.0.1 really did a number on many iPhones today, but we can tell you that restoring your iPhone in DFU mode via iTunes will fix your issues.
You can downgrade iOS 8.0.1 to iOS 8 by plugging into iTunes. First back up your phone. Then, hold both the power button and TouchID button for 10 seconds. Then, release the power button, but continue holding the TouchID for 5 seconds longer after releasing the power button. iTunes will then let you know your iPhone is in recovery mode.
Make sure you are plugged into iTunes for this process. Once in DFU mode, proceed to restore your iPhone.
Watch Jonathan Mann make light of todays Apple iOS 8.0.1 debacle.