For most, jailbreaking isn't very daunting, provided you have the right instructions. Unfortunately, iPod Touch 2G owners have been stuck with lame, tethered approaches that most wouldn't bother with—until now. UPDATED.
When I say that the prior jailbreak methods left your iPod "tethered", I don't mean it in the internet sharing sense. For the iPod, "tethered" means that you have to connect your jailbroken iPod to a computer just to start it up, or with the best solutions, to boot into the jailbroken mode. This new method throws off that dependency, leaving you with a properly jailbroken device. It requires a little work and it's no QuickPWN, but it gets the job done. But really, get used to it—given Apple's posturing on the issue, I don't think we'll be reliving those halcyon days of 2007 when you could jailbreak by visiting a website. At least, not anytime soon. UPDATE: We have a GUI, people. [iPodTouchFans—Thanks, Hemal and Chris!]