i got this problem after i jailbroke my itouch 1.1.4 using iliberty, i checked the activate and the youtube fix, it started rebooting.. now i cannot connect to itunes or open my itouch. need help!
restore your iphone through itunes, hold down the home and top button for 30 seconds and restore it and try liberty again. I jailbroke my friends Touch with iliberty and it worked fine