It's been a big day for the jailbreak community with a possible iPhone 4S unlock and the new crash reporting tool released by the Chronic Dev Team. Now the PwnDev Team has released a new jailbreak utility for iOS 5 and 5.0.1.
I’m pleased to announce that we’ve just released Beta 1 of Ac1dSn0w for Mac OS X Lion (should also work on Snow Leopard). Ac1dSn0w allows you to jailbreak your iDevice tethered. It also provides features like Tethered Boot, Pwned DFU, and Exit Recovery to get your device out of Recovery Loop.
Ac1dSn0w will perform very much like Redsn0w already does. It will tethered jailbreak the iPhone 4, iPhone 3GS, and iPod Touch 4G.
Ac1dSn0w also includes features such as "Exit Recovery" and "Pwned DFU".
It's great to see new tools being released and more developers stepping up and becoming more actively involved in the jailbreak community. I'll be interested to see how these new tools fair against some of the veteran ones.
UPDATE: Turns out Ac1dSn0w uses copyrighted Apple code, which is a deal
Source: Redmond Pie