On Wednesday, July 24th Google launched the Chromecast. As soon as the source code hit we began our audit. Within a short period of time we had multiple items to look at for when our devices arrived. Then we received our Chromecasts the following day and were able to confirm that one of the bugs existed in the build Chromecast shipped with. From that point on we began building what you are now seeing as our public release package.
Our Chromecast exploit package will modify the system to spawn a root shell on port 23. This will allow researchers to better investigate the environment as well as give developers a chance to build and test software on their Chromecasts. For the normal user this release will probably be of no use, for the rest of the community this is just the first step in opening up what has just been a mysterious stick up to this point. We hope that following this release the community will have the tools they need to improve on the shortfalls of this device and make better use of the hardware.
Is it really ChromeOS?
No, it's not. We had a lot of internal discussion on this, and have concluded that it's more Android than ChromeOS. To be specific, it's actually a modified Google TV release, but with all of the Bionic / Dalvik stripped out and replaced with a single binary for Chromecast. Since the Marvell DE3005 SOC running this is a single core variant of the 88DE3100, most of the Google TV code was reused. So, although it's not going to let you install an APK or anything, its origins: the bootloader, kernel, init scripts, binaries, are all from the Google TV.
We are not ruling out the ability for this to become a Google TV "stick".
Read more: GTVHacker