The Dev Team hasreleasedan update to thejailbreaktool, RedSn0w, with support for atetheredjailbreak on iOS 4.3.4. Applereleased 4.3.4 yesterdayto combat the PDF vulnerability uncovered in the latest version ofJailbreakMe.
JailbreakMe users are advised to stay with the untethered jailbreak that the web-based tool provides on iOS 4.3.3, and not upgrade to 4.3.4.

“For the convenience of kernel hackers like @comex and @i0n1c, we have a new redsn0w 0.9.8b3 that supports aTETHEREDjailbreak for iOS 4.3.4 on all devices that have 4.3.4 except the iPad2.The vast majority of people will want to stay back at 4.3.3 because that’s where the untethered jailbreak is!There are no new features in 4.3.4 — only fixes for jailbreak exploits.
Also, this is a good time to remind everyone (since we’re still seeing confusion about this):iPad2 owners with a baseband (3G or CDMA) cannot currently use saved blobs to go back to 4.3.3 once the signing window is closed.This is unlike every other device, so don’t be confused! iPad2 owners with basebands should stay away from all updates to maintain the jailbreak!”

You can’t jailbreak the iPad 2 on iOS 4.3.4 with RedSn0w, so stay on 4.3.3 with yourJailbreakMe untethered jailbreak. Because 4.3.4 was only released by Apple to combat the jailbreak exploit used by JailbreakMe in 4.3.3,there’s absolutely no reason for jailbreakers on 4.3.3 to update.
Apple is still currently signing 4.3.3, so verify youbackup you SHSH blobsimmediately in the event that you accidentally update or need to downgrade back to a jailbreak-compatible iOS firmware.
The untethered jailbreak through JailbreakMe is the advised jailbreaking method for users on 4.3.3. To remain secure from the PDF exploit in iOS 4.3.3, installPDF Patcher 2in Cydia once you jailbreak with JailbreakMe.
RedSn0w 0.9.8b3 is available for the Mac and Windows. Grab the jailbreak tool from ourdownloads section. To jailbreak with RedSn0w, refer toour tutorial.
Additionally, the folks at Redmond Pie have cooked up some custom bundles for the Mac-only jailbreak tool,PwnageTool. This custom build of PwnageTool will jailbreak iOS 4.3.4 (tethered), and is intended to preserve your baseband for an UltraSn0w unlock.
Redmond Pie confirms that this build of PwnageTool works, and they have provided a download link for those interested. We recommend this method for those that still want to update to 4.3.4 and preserve their baseband. You can find our PwnageTooltutorial here.
Will you be jailbreaking iOS 4.3.4, even though it’s only a tethered jailbreak? Leave your questions and thoughts in the comments below.