It's a iPod Touch 2G jailbreak.
"Flurry of Dev Team activity fuels hopes for imminent 2G jailbreak
The iPhone Dev-Team's various web pages have seen a flurry of updates in the last few hours in what appear to be final hints of a forthcoming iPod touch 2G jailbreak.
The image hosted on the mysterious "redsn0w" webpage was updated to add what looked to many observers like some sort of hash or key (zoomed in above), and confirmation has come from Dev-Team member MuscleNerd posting on our forums:
Quote:
Originally Posted by MuscleNerd
The hex # in upper lefthand corner of
redsn0w.com is an escrow hash. That particular hash is a very good one for iPod Touch 2G.
When asked in the same 2000-post long thread how soon we can expect a usable payload, he replied
Quote:
Originally Posted by MuscleNerd
Probably a few days at most.
If that's not enough confirmation, the Dev-Team's blog has been updated with a post that points even more strongly towards imminent news about the 2G touch. Describing their latest exploit, they say "...it certainly isn?t iPhone 3G related (right now). There is one other device... It fits in your pocket.."
If there is one thing that is certain, it is that the next few days are going to be an exciting time for the iPod touch community."
From front page at iptf
Speculation says the "official" release date for RedSn0w is Friday, 30 January.