After a long wait, we finally got our new years gift from iOS hackers i.e the untethered iOS 5.0.1 jailbreak. Unfortunately those who own the iPad2 and iPhone 4S should wait for sometime as the current jailbreak doesn”t work on these devices.
Here are the steps to jailbreak with redsn0w:
Step 1: Download the latest version (09.10b1)of Redsn0w from here.
Important Note: Those who are relying on ultrasn0w or Gevey SIM for unlock, should use Custom firmware option on redsn0w to preserve the baseband.
Put the phone in DFU mode (just follow the onscreen instruction) and then restore it with custom firmware(Its name should start with this NO_BB_iPhone) that you have created with redsn0w.
Step 2: Start Redsn0w, select “Jailbreak” then check “Install Cydia“. Follow the onscreen steps to place your device into DFU mode.
Step 3: Wait for Redsn0w to apply the full untethered jailbreak!
Now your iDevice should reboot and should be in a untethered jailbroken state. Enjoy !!!