Jailbreak iPhone IOS 4.1 with RedsnOw 0.9.5b5-5
Now it is time to switch toward the Jailbreak Tools, after getting iPhone IOS 4.1, which is still on Beta stages. As it was mentioned in the Press Release of Apple, they will be going to release the iPhone IOS 4 updated release but they have just release that iPhone IOS 4.1 for developers only for this time around. So Jailbreak with Redsnow 0.9.5 for iPhone IOS 4.1 is very much on.
Redsnow 0.9.5 beta versions are already unleashed and they are being used on iPhone ISO 4 frequently and no such issue has been highlighted so far.
The process of the Redsnow 0.9.5 beta with iPhone IOS 4.1 will remain the same with Jailbreak iPhone IOS 4 with Redsnow 0.9.5b5-5, 0.9.5b5-3 and others. So you just have to follow the Post of Jailbreak iPhone IOS 4 with Redsnow 0.9.5b5-5.
Please note: This particular iPhone IOS 4.1 is still under observation so common users should stay away from this particular iPhone Firmware.
If you want to proceed with iPhone IOS 4.1 Jailbreak, Just you need iPhone IOS 4.1 to download and use iPhone IOS 4.1 instead of iPhone IOS 4
Rest of the things and proceeding will remain same. For precise, You will need latest iTune 9.2, Latest iPhone IOS 4.1 and Latest Redsnow 0.9.5 beta, which can be found on above mentioned Post of Jailbreak iPhone with Redsnow.