Jailbreak iPod Touch 2G!
A jailbreak for the iPod Touch 2G appears imminent! the gang over at ‘Dev-Team‘ has been hard at it again, providing the world with the best in iPod breakage!
Known as ‘redsn0w’ the new Jailbreak has an established FAQ and a couple videos of it in action – unfortuneatly, for the time being, it is a tethered jailbreak, meaning you won’t be able to get it and use it yourself (if you could use redsn0w, you would probably have developed your own jailbreak!). musclenerd at Dev-Team is working hard on the exploit to make it consumer friendly, but, for the time being I am afraid you will have to enjoy it in the video only….(not like you don’t enjoy yourself watching ‘other’ videos 
The FAQ above was derived from all the questions asked after their launch video – here is my favorite excerpt!
Will you release the patch now?
Simple, No.
Will you release the tethered patch now?
Simple, No.
Will you give us an ETA for release?
Simple, No.
You said the jailbreak would be out today!
No we didn’t.
Someone told me you did!
That someone is an idiot.
Spoken like the smart guys they are!
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Ill be so happy when I get my ipad and get it jail broken, apparently its supposed to be ten times better then anything apple has put out before.