As of today, it seems quite clear that Apple will not be releasing any in-house security fix for 1G iPod touches in response to the notorious PDF vulnerability. If they were going to do so, they would have released it in parallel with iOS 3.2.2 and 4.0.2.
That being the case, they probably won't release any security fixes for any other problems that may be identified in 1G iPod touches in the future.
So going forward, if there is going to be any future source for potential patches to 1G iPod touches (such as the "PDF Loader Warning" workaround), it will have to come out of the jailbreak community, or else it will not come from anywhere at all.
So, on the whole, provided you follow all the best practices advised for jailbreaking, from this day onward your 1G iPod touch will probably be safer with a jailbreak than without.
[edit]I see that the iPhone Dev Team are going to release a package on Cydia that will deliver a patch to the FreeType library which will close the hole properly on jailbroken iDevices, going all the way back to devices running 2.x firmware. The patch the Dev Team is using is the same patch that Apple used to fix the problem, which was subsequently passed upstream to the open source maintainers of the faulty library.
So, yeah, 1G iPod touch is officially safer jaibroken (if you follow best practices such as changing passwords, vetting software carefully before choosing to trust it, etc.) than not jailbroken.[/edit]