After a harrowing 45 minutes, I was able to follow touchdev's jailbreak procedures and my iPod Touch is now capable of running 3rd party apps (until Apple decides to do another software update. Meh!).
Notice the "Books", "Launcher", and "Installer" icons? Those are the results of the Jailbreak! We are indeed living in interesting times!
Update: I'm experimenting on an application called iPhone Remote a.k.a. "Telekinesis". It is basically a web server installed on a Mac (sorry Windows users) that allows an iPhone or an iPod Touch some level of control over the computer. I'll do a separate blog post on this later (hope I remember to do so)
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