FAO Merlin

I've just bought Apple TV, but to get the full use out it I need to be on the latest update on my iPhone. But the problem is I've jailbroken my iPhone and it's on 4.3.3

Is there a jailbreak out there for the latest update?

Thanks in advance.

Yes! Update to 5.0.1 ASAP in iTunes before apple stop signing it and release 5.1 !

Then jailbreak with redsn0w 0.9.10b4 jailbreak tool! Easy to do and all available through the links on www.redmondpie.com

Thanks for that, could you give me a quick breif on how to do it please? Or is it easy to do?