DevTeam released RedSn0w 0.9.8b7
The iPhone Dev-Team recently released RedSn0w 0.9.8b7 which brings explicit support for a tethered 4.3.5 jailbreak as well as new iOS 5.0b6 iPad 1 jailbreak:
Apple updated the iPad1 iOS5b6 IPSW without changing its version number or filename, so we're releasing redsn0w 0.9.8b7 to handle both the original and changed IPSW. We've also added explicit support for a tethered 4.3.5/4.2.10 jailbreak (instead of pointing at the 4.3.4/4.2.9 IPSWs) and fixed a 4.2.10 problem.
You can download RedSn0w 0.9.8b7 here.
You can find our instructions on how to jailbreak your device here:
iPhone 3GS
Tethered and UnTethered jailbreak iOS 4.3.5:
iPhone 4
Tethered jailbreak iOS 4.3.5:
iPad 1
Tethered jailbreak iOS 4.3.5:
iPod Touch 3G
Tethered jailbreak iOS 4.3.5:
iPod Touch 4G
Tethered jailbreak iOS 4.3.5: