Update: The jailbreak isn’t as far along as we would have hoped:
@ipodsuperman we’re still in fairly early stages. progress depends on which way the wind is blowing (and if it’s storming outside =P)
Joshua Hill (p0sixninja) has confirmed via Twitter that the iPad 2 jailbreak will be released imminently.
Since 4.3.1 is already exploited by the legendary @i0n1c, we’re working on finishing iPad2 jailbreak now.
Comex originally cracked open the iPad 2 nearly a month ago, but the release of 4.3.1 kept the dev-team from releasing the jailbreak. The next iOS update is expected to drop sometime soon, but that won’t stop this release, which is based off of i0n1c’s 4.3.1 exploit.