Geohot actually have something real to show? There's no way to be certain that what the self-promoting master of iPhone (and PS3) hacking is demoing is what he says:
Given his track record, we'll play along for now. The only thing we can say for sure is that the chosen music accompanying his iPod touch theatrics makes us want to break something, jailtime or not. See it go down after the break."The jailbreak is all software based, and is as simple to use as blackra1n. It is completely untethered, works on all current tethered models(ipt2, 3gs, ipt3), and will probably work on iPad too."
[Thanks to everyone who sent this in]