Not like newest version of redsnow 0.9.9.b4 at all
Doing a tethered reboot it seems to randomly get a connect to itunes. Than you have to unplug your phone and plug it in again and retry to process. Definately not a clean jailbreak its buggy. the previous versions were ok.
FYI - I restored 5.0 and used the newest redsnow to actually have a clean jailbreak since I was using the newest version of redsnow to reboot. Figured the newest one was less buggy. I think they've came up with like 7 ios5 jailbreak updates now. Like everyday a new redsnow comes out. I don't know why
But just giving everyone a heads up. I'm counting down the minutes to an untethered jailbreak. This is the longest in my life going without a untethered jailbreak. I hate it.