Jailbreaking, simplified?!

These can be expanded on in various places. You get more features including apps and customization tools that are not available to stock phones. The OS becomes much less stable and things like battery life may decrease.

Restoring the phone after putting it in Recovery Mode works most the time. If you brick it, you brick it.

You should be able to. Each update brings the need for there to be an update of the jailbreak, in general these seem to come.

If it's totally broken chances are Apple won't cover it regardless of jailbreaking. If you can't restore the phone back to its original state and any signs of jailbreaking are present, you are obviously out of luck

If you are talking about pirating apps, that's not allowed here. Is it risky, the recent incidents in Europe show that there might be some risk. I have my phones running on the regular OS, the customization mods were just not worth the overall drop in stability. Putting your credit card online anywhere carries risk, obviously there are significantly more risks when you are dealing with something that is not legal in the first place.

I don't think it makes life easier, except for you. The fact is the threads dedicated specifically to one of your questions will likely produce more thorough responses every time.

 

If you would like to jailbreak an ipodtouch use blackra1n it is awsome you just click on make it a ra1n and it atomaticly jaibreaks your ipod! but you will have to open cydia and download winter board to download themes!!! but otherwise its awsome!!! try neon themes and the vending machine theme!!!!!!!!!!!!!!!!!

 

You could be waiting a long time.

Updating software breaks the jailbreak. Then you have to rejailbreak and reinstall all the jailbreak apps and modifications. And you have to wait until the jailbreaking teams release new versions of jailbreak for the new firmware.

To 100% remove all traces of jailbreak, restore in itunes and set up as new. That's all there is to it, very simple.