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I jailbroke ipod touch about a month ago, I found the info on how to do it here somewhere after I did a search. It is almost the same but the downloads are different I believe. I will see if I can find the thread for you.
Ok, I couldn't find the thread I used, but go to: www.ipodtouchhacks.com
This should take you through it. Remember to find out what firmware version you have, if it's 1.1.2 you have to downgrade first and this sight tells you how to do that.