Well.. One of the very interesting features that came to iOS 5 is LED flash alerts for missed calls that alert users of missed calls or text messages. For who can't wait until getting this feature natively this fall, now here's a jailbreak tweak called MissedReminder that lets you get the same feature.

MissedReminder doesn't add new icon on your home screen, you can modify MissedReminder from Setting app, MissedReminder settings allow you to choose the amount of times you are sent a reminder of a missed call, as well as the interval of minutes at which you are reminded.

MissedReminder is available via Cydia Store for $0.99. 
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