The iPhone Dev Team has just released the beta release of the new version of Redsn0w 0.9.7b1 which untethers iOS 4.2.1 jailbreak so you don't need to plug in your iPhone every time you reboot it.

We'll be back quickly with how-to guides, stay tuned.

Download Redsn0w 0.9.7b1 for Mac OS X
Download iOS 4.2.1 for iPhone, iPad and iPod touch
Download iTunes 10.1.1 for Windows / Mac OS X

UPDATE 1: Here's the full how-guide posted here.

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