What would become of the world without YouTube and Wikipedia? I think we would all be doomed. I followed the video and it did not work. On another site I found instructions and my missed step:
Press and hold the Shift key and click on Restore. Then, select the custom Apple TV 2 iOS 4.2.2 ipsw that Sn0wbreeze created and placed on your desktop.
I selected restore without holding down shift which restored the software from Apple and then came error 1611. I kept trying both the jailbreak and restore binary packages always getting error 1611. After awhile I decided to try the entire jailbreak on another system instead of my laptop. To my surprise it worked several times. WTF? Both systems are Windows 7 and running the same version of iTunes. I do not get it, just another crazy Apple experience.
In the end what I thought would be quickly done was not that quick. The Apple TV is OK after the jailbreak. I like XBMC, but I should have picked up something cheaper and never bought this thing. No, I would not buy it again.