Dev-Team SHAtters Apple TV with iOS 4.1 jailbreak

Wow, that was quick! The iPhone Dev-Team has already managed to decrypt the iOS 4.1 firmware powering Apple’s latest set-top box. 

Report: Chronic Dev (almost) jailbreaks iOS 4.1

A talented Chronic Dev Team member known as "Pod2g" has reportedly "discovered" a bootrom-based exploit capable of jailbreaking all devices running Apple iOS 4.1 firmware - including the 4th-gen iPod touch, iPhone 4 and iPad.