You can't do much besides noodle around with the command line (yet), but Pwnage Tool 4.1 lets you jailbreak the new Apple TV. Knowing how quickly the jailbreak community works, you'll probably be able to customise the UI by the end of the week and watch season 2 of Freaks and Geeks from some alternate dimension by early November. [Dev-Team Blog]
Jailbreak The New Apple TV With Pwnage Tool 4.1
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