A few hours ago, iH8sn0w updated iFaith to 1.2.1 with added support for saving SHSH blobs to both iOS 4.3.4 and iOS 4.3.5. Also the update adds support to iPod Touch 2G.
Full Change Log:
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iFaith v1.2 Release Notes:
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* Added iPod Touch 2G Dumping capability (MC-Model users recommened)
* IPSW Creation for iPod Touch 2G is still a work in progress.
* Fixed exe compression issues (resulting in many DFU loops on IPSW creation).
* Fixed any Windows XP issues.
* Source code coming soon to a github near you! 🙂
* It is currently not possible to add iPad 2 support.
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Now available at: http://iH8sn0w.com
Here is how to use iFaith to Save your SHSH blobs.
Download iFaith 1.2.1 for Windows