Apple has released software update for the second-generation Apple TV. This new software update fixes many bugs that were found in previous version and also, it comes with several improvements.
You can get untethered jailbreak of your Apple TV 2G on iOS 4.2.2 (4.3) firmware using the current version of Pwnage tool.
Things to download:
Download Apple TV 4.2.2 (8F305)
Download Pwnage Tool Bundle
Instructions for jailbreaking Apple TV using PwnageTool bundle are exactly similar to the ones I’ve already posted for iPhone, iPod Touch and iPad. Follow the guide posted here
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