There are a lot of jailbreaking tools that are available in the market but the most interesting one for the Apple TV is the Seas0nPass jailbreak tool. The newest version of it is certainly good especially when it will allow for tethered jailbreak for the latest version of the Apple TV software.
The software update that we are talking about is the Apple TV Update 5.0.1 or iOS 5.1.1 for Apple TV 2 as some would want to call it by. The latest version of Seas0nPass which is version 0.8.4 is said to support tethered jailbreak for Apple TV 2. However, there is no word on when an update for Apple TV 3 will be available although FireCore (Seas0nPass developer) tweeted that they are working on update for the aforementioned device.
A jailbreak Apple TV is certainly interesting because it opens up a few other possibilities for the HD media player. Amongst the possibilities include web browsing, Last.FM access, HTML 5 video website capability, media streaming from NAS and a few others. This is all made possible through an application called aTV Flash (black). For those that have the second generation of Apple TV and would want to do the jailbreak, they can head to seas0npass.com.
[source: Apple TV Hacks]
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