The iPhone Dev team has announced that the latest version of PwnageTool that will be capable of jailbreaking the new Apple TV as well as iPhone 4 will be releasing by the end of this week. This jailbreak solution will be based on the same exploit that George Hotz had employed in his recently announced Limera1n jailbreak application. Incidentally, Limera1n too is capable of jailbreaking the recently launched Apple TV. You will remember that the iPhone Dev Team has deferred the exposure of the SHAtter exploit following the launch of Limera1n by GeoHot earlier this week. Do note that this jailbreak solution will not change your phone’s baseband.
Jailbreaking is a risky procedure and could brick your device and you could also end up losing your warranty. That means you should be going ahead with the jailbreak; when it launches, at your own peril. And considering that jailbreaking your Apple TV is a futile exercise because of limited app capability, we really it’s a nice idea to jailbreak the iOS-based set top box from Apple.