New iPod Touch 4G - 5.0.1 -
I'm using Redsnow 9.10b1 to jailbreak. It goes through limera1n exploit, first and second stages, then waiting for reboot. While Redsn0w is waiting for reboot the iPod simply reboots to lockscreen. I've tried several times with the same results. I've even reinstalled the firmware then redsn0w with the same results.

Any suggestions? thanks