The previous release of Redsn0w which is 0.9.6RC10 and RC11 were somewhat buggy when it came to custom boot animations. But thankfully, that issue has been fixed in RC12.
Redsn0w 0.9.6RC12 jailbreaks iOS 4.3.1 untethered on all iOS devices except for the iPad 2. It is available for both Windows and Mac.
Download Redsn0w 0.9.6RC12 For Windows And Mac.
You can follow the guide posted over at Redmond Pie for complete step by step instructions on how to jailbreak iOS 4.3.1 running on your iPhone, iPod touch and iPad.
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