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Absinthe has just released a new version of jailbreaking software. The new Absinthe 2.0.1 allows you to jailbreak iOS 5.1.1 UNTETHERED! Finally!
UPDATED! Download Absinthe 2.0.4!
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RedSn0w has posted a new software update - 0.9.11 beta 2. This update allows you to downgrade your idevice from iOS 5.1 to 5.0.1

The Official report and new features:

Jailbreakers with devices that pre-date the iPad2 will always be able to downgrade (with SHSH blobs) to previous firmware versions due to...

Redsn0w in its latest version-0.9.10b8, includes iPhone SAM unlock preservation.

The updated release does not include any new jailbreaks and is only useful for users who want to save an iPhone unlock achieved through the Subscriber Artificial Module spoof method (SAM)...

WinterBoard has received an update (WinterBoard 0.9.3904) that claims to fix several bugs.
Its true that many users have been complaining about WinterBoard’s stability for some time and many even chose to remove it completely.

WinterBoard - popular iDevice themer, can by downloaded from Cydia store. To get WinterBoard update, just open Cydia store and head to Changes...

iTweakStore promises to bring apps and tweaks to your jailbroken iDevices via Safari browser. The website has been in status “coming soon” for weeks and last night it revealed a bit more information….

WARNING - might crash if downloaded elsewhere!

SMS+ is a great tweak that can make your messaging much more efficient.
It offers many functions such as instant reply, later, password protection and even speak function, when your messages (or just names of senders) are read to you.
SMS+ is in many aspects outperforming biteSMS tweak, and users argue which one is better.

There are thousands of sources for Cydia store. Just google “cydia sources” and you will receive hounders of pages with extensive lists. Many of those sources provide pretty much the same content, which can be also accessed via Cydia default sources.
So, if you are looking for something that you can’t find via the default sources, these are the most popular and useful ones...

Cydia comes as default app store once your iDevice is jailbroken.
However, there are other app stores you can have on your device. In particular, you can get Icy, which is considered at least as good as Cydia...

Spire is a great tweak from Cydia, but you need an authentication token every 24h to have your Siri working on non-iPhone 4S device. So asking your friend every day is one solution. Changing the proxy server to i4Siri is another...

This is so cool that I could not keep it to myself. You can take macro photos on your iDevice easy and for free! The trick is to ...

Replace the ugly text - Vodafone AU, Telstra, Optus or Virgin with custom logos. Yes you can use WinterBoard to do this, however majority of carrier logos are designed for US networks and don’t work in Australia.

This is a quick tip on how to get apps, which are downloaded from the internet, into your iDevice. Sometimes, you might need to download an app from the internet and iTunes will not allow you to synchronise it with your iDevice. Having your iDevice jailbroken there is a way around it.

Cydia store appear on your screen once you have jailbroken your iDevice. It allows you to download 3rd party apps that are not available via Apple store. It is not a coincidence that word “Cydia” is a latin name for worm that feeds on apples. Here are some tips on how to use Cydia...