Last week we covered the launched of the untethered version of the iOS 5.0.1 Jailbreak that was coming to a final release for all A4 iOS Devices. Well this week has brought the launch of the tethered version of the Redsn0w tethered jailbreak for older iOS devices running version 5.0.1. Unfortunately currently the tethered jailbreak doesn’t support iPhone 4S and iPad 2.
Another major feature which has been added to Redsn0w is the ability to downgrade from iOS 5.x for devices with SHSH blobs saved. You can view the full change log over on the Redmond Pie website, downloads links are also available from the bottom of the Redmond Pie article. But be aware that the software still has a beta tag attached.
Source: Redmond Pie