The iPhone Dev Team, just announced today that they are going to release Redsn0w 0.9.7 for Windows. Redsn0w 0.9.7b6 which is recently developed to bring untethered jailbreak on iOS 4.2.1 based iDevices.
iPhone Dev Team,also figured out that Apple has not stopped to serving iOS 4.2 firmwares to users, but they going to to release Redsn0w 0.9.7 for Windows users who are waiting to untether their iDevices.
In another tweet, they warn users that Windows version of Redsn0w will not smooth as they recent was.
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