Yes I Can!

New Redsn0w 0.9.10b3 Fix iOS 5.0.1 Untethered Jailbreak Bugs

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The Redsn0w 0.9.10b3 version of redsn0w fixes a problem where re-running redsn0w over an existing jailbreak would cause MobileSubstrate-based apps to stop running until MS was installed again. Now you can re-run the redsn0w jailbreak step without worrying about that (but still remember to de-select the “Install Cydia” option if it’s already installed).

In addition to the wise words of the release log, if RedSn0w fails to properly identify the data of your auto-detected IPSW, then you’ll simply need to manually selected your device’s 5.0.1 IPSW by navigating to Extras > Select IPSW in Redsn0w’s menu.

https://sites.google.com/a/iphone-dev.com/files/home/redsn0w_win_0.9.10b3.zip?attredirects=0&d=1

https://sites.google.com/a/iphone-dev.com/files/home/redsn0w_mac_0.9.10b3.zip?attredirects=0&d=1