More good news. After we finally got an iOS 5.0.1 untethered jailbreak ( redsn0w, PwnageTool, Corona ), now we get a new Cydia update courtesy of Saurik. It’s an incremental update that brings bug fixes and small security patches but it’s definitely recommended that you update now.
To update, just load Cydia and it will prompt you to update essentials.
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