iH8sn0w has updated his iBooty tool to v2.0.1 which now comes with a fix for those who get stuck at Waiting for iBSS step while booting their iDevice into a tethered jailbroken state using iBooty 2.0. The same issue was experienced by users in his iREB tool but it was later fixed by him in iREB v4.0.x/4.1/4.2.1.
For those who don't know, after jailbreaking iOS 4.3 on any iDevice except iPhone 3GS (Old Bootrom), you need to boot it into a tetheted jailbroken state using iBooty tool. Every iDevice with iBoot version above 359.3 can detect if your iPhone, iPod Touch or iPad is running a jailbroken firmware or not. What iBooty do is that it tricks your iBoot to think as if your iDevice is never jailbroken and is running stock firmware on it :P
If iBooty is stuck on "Waiting for iBSS", try this fix [2.0.1]. -- http://bit.ly/gx2JLn (Replace your old iBooty with this one).
If for some reason iH8sn0w's iBooty is still not working for you, you can use TetheredBoot Utility by Msft.Guy (@msft_guy). TetheredBoot Utility is basically an alternative tool for iBooty which helps you to put your iPhone, iPod Touch or iPad into tethered jailbroken state using commands at Terminal. Unlike iBooty, TetheredBoot Utility is available for both Windows and Mac OS X.
Update#1: Download Sn0wbreeze 2.3b2 for iOS 4.3 Jailbreak [Fixes iBooty, MobileSubstrate & iPod Touch Sleep Bug]
Update#2: Download iBooty 2.1 to Fix Waiting for iBSS Issue on iPod Touch 4G/3G
Update#3: Download Sn0wbreeze 2.3b3 to Fix iPod Touch 4G iBooty Issues
Update#4: Download iBooty 2.2 to Boot iOS 4.3 iDevice into Tethered Mode
Download iBooty 2.0.1 for WindowsContact Us for News Tips, Corrections and Feedback