Along with being able to jailbreak your iPhone or iPad, you can jailbreak the Apple TV now too. It's the first untethered jailbreak for the new Apple TV software (5.0.1) and it's all thanks to Seas0nPass. Why would you jailbreak your Apple TV though? For the plugins!
Seas0nPass, a new Apple TV jailbreak, makes the process easier than ever. And what can a jailbroken Apple TV actually do? Not a whole lot! You can install the media streamer Plex, though, which is a start.