http://youtu.be/ch7f-QbC-ns
Firecore group done it again and brought us what we always wanted, a way to downgrade painless, just remember to save your ShSh first iether via aTV flash (Black) or Tinyumbrella,
Things you Need,
1. AppleTV 2
2. MicroUSB
3. Seas0nPass Http://www.seas0npass.com
And Follow the video
Save your Shsh Via Tinyumbrella,
http://www.youtube.com/watch?v=vbbaK7T48-A
Save your ShSh via iFaith
http://www.youtube.com/watch?v=P2cRFTmaVHg
To Jailbreak your AppleTv 2 with latest Package 4.4.4