How to Downgrade iPhone 4S on iOS 5.1 / iOS 5.1.1 to iOS 5.0.1 Using Redsn0w
While we wait for pod2g to release his untethered jailbreak for iOS 5.1.1 for iPhone, iPad and iPod touch, Dev team has released a new version of Redsn0w (0.9.11b1) that allows iPhone 4S and iPad 2 users to downgrade their iOS device to iOS 5.0.1 so that they can use the Absinthe jailbreak to jailbreak their device.
This is a step-by-step guide for users to downgrade their iPhone 4S on iOS 5.1 or iOS 5.1.1 to iOS 5.0.1.
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http://feeds.iphonehacks.com/~r/iphonehacks/~3/T-Bt8vtpf3M/downgrade-iphone-4s-on-ios-5-1-ios-5-1-1-to-ios-5-0-1-using-redsn0w.html
