It should be mostly the same, just use your own zip editor instead of 7-zip. Also you can natively edit plists so there is no need for an extra plist editor.
Okay I edited the app but iFunBox is taking too long to install and iTunes says it's not a valid app (I took out the magnetometer key, BUT kept Front-Facing Camera)
I have managed to install iPhoto on the iPod touch 4th generation. Follow these steps - Buy iPhoto for iOS - Download the iPhone Configuration Utility - Open the Config Utility and in the apps section drag and drop iPhoto 1.0.ipa - Once it is there, go to your device and in the apps section scroll down, and you'll see iPhoto next to it click Install, the app WILL appear on your device once done. Only error here is that, Once you sync with iTunes, iTunes will say the computer isn't authorized, I tried typing in my password but it says authorized then pops up the question again. so everytime you want to sync new music, you must not authorize, which erases iPhoto from the offending device and it'll sync like normal, just repeat the above steps and BAM!, iPhoto will be back.
It's just a bug. The iPad 2 and iPod Touch 4 are same speced. Both have the small cameras and digital compass. Expect 1.0.1 soon.