Apple has just released iOS 5.0 GM . This release of Redsn0w provides tethered boot support for iPhone 4, iPad, iPad 2, iPod Touch 3 and iPod Touch 4 meaning you have to reconnect your iDevice with PC/Mac to boot. However recently MuscleNerd has announced on twitter that Redsn0w 0.9.8b7 would work well for iOS 5.0 GM
Follow the procedure here for using Redsn0w.
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