FireCore has announced Seas0nPass, a new jailbreak tool designed specifically for the Apple TV.
Seas0nPass was created exclusively for the AppleTV user, as previously no AppleTV specific jailbreak tools were available. Seas0nPass allows you to easily create custom AppleTV IPSW files and restore them in iTunes (similar to the existing Pwnage Tool app). Also included is a simple 'tethered boot' option which aids in using newer AppleTV firmwares when an 'un-tethered' jailbreak is not yet available.
What can I do with Seas0nPass?
● Jailbreak the AppleTV with the latest 4.1.1 (iOS 4.2.1) software.
● Easily perform a 'tethered boot' (when necessary).