After the release of the said utility, Pangu announced that they would release a jailbreak for the Apple TV Gen. 4 sometime this week, likely tomorrow. Pangu tweeted on March 11, 2016:
We will release jb for Apple TV4(9.0.x) next week which only has SSH access. It's mainly for security researches and jailbreak developers.
We hope that a fully functioning jailbreak for the latest firmware will be released shortly. We also want the said jailbreak for the Apple TV (imagine the possibilities). Thanks for reading. Sorry about missing a post last week, we hope to get over our writers block soon, before Apple's March Event next Monday.