Okay, this may sound so nooby of me, but..
Let's start with the basics, I have an iPod Touch 1g, it's 2.1 firmware, it isn't jailbroken, and I have a ton of paid apps on it.
Let's say i'm tired of working long days to pay for my apps (i am.) and want to download them for free. What do I do (from step one to last step) (and assume i don't know anything about this process (i dont))
also, a guide to 2.1 jailbreaking? Thanks

(oh, and what is the risk with downloading app store apps? aka what are the chances that i/we/whatever will get in trouble with the authorities?)
LASTLY, since I had some horribly terrible experiences with 2.0.1 jailbreaks (constant bricks and constant getting-stuck-on-boot-screens), is that prominent in 2.1 jailbreaks?