On it’s own it doesn’t do anything for the end user, but it will likely enable other developers to fiddle around with the device and install bootloaders on it. The developer noted that the OS is a rehashed version of the previous nano’s operating system. The specific details on how to do this will be posted in the next few days, and it’s likely that Apple won’t allow users to install third-party apps on the iPod nano anytime soon, but it’ll be interesting to see what the hacking community can come up with. Video demonstration after the jump.