
The new exploit is called SHAtter. It was developed by hacker pod2g a few months after hacker p0sixninja from the Chronic Dev Team discovered the crash. The same exploit can be used to jailbreak and iPad with new firmwares. So iOS 4.1 and maybe even iOS 4.2 is not a problem any more. Soon we will see the utilities from DevTeam to perform the jailbreak.
The DevTeam published a video if a jailbroken iPod Touch 4G. Take a look:
