Apparently there is a minor update to the firmware. Should one do it or will that affect the imminent untethered jailbreak we will need to use our Black app we paid for but can't use yet?
bahh..not worth it.leave as is with the aTV installed.
Have a look here - http://www.appletvhacks.net/2010/12/15/apple-tv-2g-receives-4-1-1-software-update/ < reported that 'tethered' jailbreak still works with the 4.1.1 update
Not tried it, I don't want a tethered jailbreak if I can help it, even if my ATV sits on top of my PC
current pwnage will still work with it.. Still tethered bootup though.