The a Chronic Dev Team just released an update to Absinthe, bringing the jailbreak utility to version 2.0.2.
There isn’t anything new in Absinthe 2.0.2 besides support for the iPhone 4 GSM iOS 5.1.1 firmware update (build 9B208) that Apple recently released…
Absinthe is compatible with most recent iOS devices running iOS 5.1.1, including the new iPad (iPad 3), the iPhone 4S, the iPad 2, the iPhone 4, iPod touch 4th generation, iPhone 3GS, etc. Note that iPad 2,4 support will be added later.
Head over to downloads page to download Absinthe 2.0.2!