Here's the update from Dev Team:
The latest redsn0w beta lets you individually select whether multitasking and homescreen wallpaper are enabled. It also adds battery percentage and verbose boot mode options. (Verbose boot shows you the kernel messages during boot)
To Jailbreak your iPhone 3G/ iPod Touch 2G you can follow the Step by Step guide posted here as the previous releases of Redsn0w.
Download Redsn0w 0.9.5 Beta 5 [Second Update] For Windows
Download Redsn0w 0.9.5 Beta 5 For Mac OS X
