Its finally here, Gojohonnyboi and ipodtouchmaster have been working on this the last few days. Lockdown v4, this has come with HUGE improvements, here are a few:

Ok now how to install:
Untill its up on Cydia you will have to manually install Lockdown, it can be confusing so read through the instructions first and if you dont understand it then please wait till its up on Cydia.

Before-Installing:
You Must have the following:
Jailbroken ipod touch/iphone in firmware 2.1
Must Uninstall any older form of Lockdown
Must have Mobile Substrate installed through Cydia
SSH access to your jailbroken device
Terminal or Putty so you can input commands

Installing:
In the download folder there are 2 things when you unzip it. There is the Lockdown.app and Lockdown.dylib.
0. Download Lockdown v4 Here: Link Will be uploaded Soon!
1. First navigate to /Applications on your device
2. Then place Lockdown.app in there
3. Next go to /Library/MobileSubstrate/DynamicLybraries and put Lockdown.dylib in there.
4. Now open up terminal or putty and input each of these commands one at a timer.
5.

chmod 755 /Applications/Lockdown.app/Lockdown

6.

chmod 755 /Library/MobileSubstrate/DynamicLibraries/Lockdown.dylib

7.

rm /var/mobile/Library/Caches/com.apple.mobile.installation.plist

8.

reboot

WARNING: After you reboot your device it may take UP TO 5 minutes to turn back on!! So please do not get worried if it takes longer than usual.

So if you have questions or comments please post them here. Thanks!