This is the 2nd Generation iPod Touch.
Application Processor (OS Chip): s5l8720x
See the S5L8720_(Hardware) for hardware details
0x1227 = DFU Mode 2.0 (Basically WTF 2.0 burned into bootrom)
0x1281 = Recovery Mode 2.0 (iBEC / iBSS / iBoot)
0x1293 = Normal Mode (comm with iTunes / MobileDev framework)
See the S5L8720 page for all known exploits