Credit goes to volkspost @ hackint0sh (for packaging it all up) and Dev Team for initially spilling the beans (though it required some terminal hackery)! volkspost has done a remarkable job in automating the whole procedure saving the average user lot of time and terminal panic attacks!
Macbooks (both Unibody and 10.5.6 enabled Macs) have regained the precedence in iPhone hacking world (QuickPwn / Pwnage). No more switching back to a painful Bootcamp XP partition.
Before you proceed further, make sure your Mac is upgraded to 10.5.6. Quit all running applications on your Mac.
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