This problem has been going around for quite a while, Heres what you must do, However, be aware that this process will erase all data on your iPod Touch. To fix the disabled problem, you must go into DFU Mode and restore.

DFU Mode

1. Connect your iPod to your computer
2. Turn your iPod Off
3. Press and hold the power button for 3 Seconds
4. While continuing to hold the Power button, press the home button as well for 10 seconds
5. While holding down the home button, release the power button for another 10 seconds
6. iTunes should detect the iPod in recovery mode, press OK, and restore your iPod, from this point forward you may release the buttons. If you have not reached this point, then you have not entered DFU Mode

Your iPod should be running again after this process. From this point you can restore to a backup, if there is one present.

http://www.youtube.com/watch?v=bITIiGswj... - This should help you out!