The iPhone/iPod team, including Pumpkin, Edgan, Dinopio, Drudge, Kroo, and all the rest have already jailbroken the iPod Touch version 1.1.2. The picture above for a jailbroken touch is courtesy of hacker planetbeing.

Details will be coming soon once the method is debugged and some safety features and put in place.

via tuaw -- thanks kdbdallas