The iPhone Dev-Team has issued an update on the status of the iPad 2 jailbreak.
The iPad2 jailbreak remains under development. As you may know, the original exploit @comex developed in the first week of the iPad2 release was mysteriously fixed by Apple within days of its development. Partly because of this, don’t expect much public discussion of the iPad2 jailbreak until it’s actually finished and ready for release (and please avoid asking about it). In all likelihood, it will be a userland exploit like the first (unreleased) one, not dependent on bootrom dumps. The first one can’t be released even for those with the original 4.3 firmware due to legal (distribution) reasons.
Stay tuned to the iPhoneMY blog as we bring you further updates in this area.