[ame=http://www.youtube.com/watch?v=bnQ7nqWYHAQ&hd=1]YouTube - Pwnagetool Preview[/ame]
MuscleNerd has tweeted a nice little "nerd alert", which showcases a demo video of the iPad getting a custom firmware restore using PwnageTool.
Basically, PwnageTool uses geohot's limera1n exploit to convince iTunes to restore a custom firmware. In fact, in this video demo, MuscleNerd shows that you can even restore an iPad to pre-JB 3.2.2 from PwnageTool.
Stay tuned, as PwnageTool is set to release this Sunday. Once again, a "sunday funday"! If MuscleNerd posts a video for the AppleTV device, I'll add it to this post.