FireCore released a new version of aTV Flash (black) for the jailbroken Apple TV 2G earlier in the week, which comes with revamped player that is optimized for iOS 5.0 and later, NFS streaming, subtitle timing settings, and additional translations.
In addition to the new features, aTV Flash (black) 1.5 also includes a number of improvements and bug fixes.
Work is still underway on both fronts, and we’ve had some encouraging reports come in over the past few days. However, it’s still too early to give any kind of ETA but we hope to have more news soon.
pod2g had revealed yesterday that they have all the exploits for an untethered jailbreak for iOS 5.1. We expect FireCore to release an untethered jailbreak for Apple TV 2 and hopefully even Apple TV 3 shortly after pod2g releases his jailbreak.