You must be aware of the fact that Apple is no more proving the support for Edge version of iPhone and 1st generation of iPod Touch. Reason is so simple that these both devices don’t have enough Ram to support the latest iOS and fulfill the needs of today’s world. If we talk about big latest device like iPhone 3G or iPod Touch 2G then these devices can surely run iOS 4.2.1 but without awesome feature like multitasking. If you are also one of those who have iPhone 2G/3G or iPod Touch 1G/ 2G then nothing to worry about as iPhone jailbreak community got a solution for you 
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