The iPhone Dev-Team has posted hinting at what the new RedSn0w project is...
- Well it isnt a British Thermonuclear Device. - It isnt an episode from The Twilight Zone - And it certainly isnt iPhone 3G related - There is one other device - What can it be?
It seems likely that redsn0w is related to the iPod touch. Perhaps a jailbreak for the second generation iPod touch.
The image at http://www.redsn0w.com has been updated with some sort of key at the top left of the picture. Seems similar to an MD5 key. As well, the image of a child playing tic tac toe has been moved and replaced with a partial view of a chip.
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Finally........I hope they finish it soon, been wiaitng for a while plus my iphone screen just cracked and stop working so I'm stuck with the 2g for now. Dev team u guys are the greatest.
MuscleNerd made a reply to a comment on the dev-teams blog confirming that it is iPod Touch related and that they were 'diverted by another exploit which they were not expecting' Also he says that the code that the top is....
' an "escrow" hash of decrypted iBoot for ipt2g (length=0x29000). Not otherwise obtainable except via an exploit (afaict).
This is most likely a jailbreak for iPod Touch 2G