Well Crap! After reading updates on ZiPhone thing, it said it worked for the Touch too. It totally looked like it was working, but got held up on the BSD root ... part. I had to stop it, but then I had to restore my Touch. Now iTunes doesn't recognize my Touch and it's continually in recovery mode.
I've googled, but if anyone has a brilliant way to get my Touch out of recovery, please help. I've restored it like 3 times, called Apple and reinstalled iTunes. Still, nothing. Now my Touch really is a paper weight. Crap! I need a drink.
Where abouts did you read that it worked with the Touch? As my previous post said, iPhone only...
And you could try running iNdependence with the Touch plugged in and see if it kicks it our of recovery but it's unlikely :/