Folks, we just got one step closer to an official release of the iOS 4.1 jailbreak promised by the Chronic Dev Team thanks to the SHAtter exploit discovered by pod2g.
In a video posted on their blog today, the Dev Team showed off an iPod Touch 4G jailbroken with PwnageTool. The Dev Team was able to use the SHAtter exploit to install a custom firmware on the iPod Touch 4G, and was successful in getting the basics covered, such as Cydia, customized preferences, root access, etc...