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Not mine but though i should share:
[ame=
https://www.youtube.com/watch?v=qfpqpQi8TwU&feature=fvwk]YouTube - Downgrade 4.1 Firmware To 4.0/4.0.1 iPhone / iPod Touch / iPad[/ame]
Then when your done and if your on 4.0 here is how to Jailbreak it:
[ame=
https://www.youtube.com/watch?v=cGTd8kthEq0]YouTube - JailBreakMe.com -Jailbreak 4.0 & 4.0.1 ALL Devices UnTethered iPhone 4, iPod Touch 3GS, MC Model[/ame]