Awesome it worked flawlessly.
Make sure your encrypted password is disabled in itunes. It will backup once you uncheck the box and put your password in.
Run absinthe it as Admin, yes after zip was downloaded i unzipped it, then ran it and it created another folder with absinthe in it, thats the one you click on run as admin and jailbreak it.
Seriously 5 min it was all done, it automatically reboots for you and guess what Cydia is installed now and i did not have to do a restore cause absinthe works.
I using Iphone 4 on GSM network in Canada.