Dev Team had given some bit of good news earlier today when they revealed that they had three angels to work on a jailbreak for the new iPad (or iPad3 as they prefer to call it).
MuscleNerd of the iPhone Dev team has just tweeted:
jailbroken iPad3: http://twitpic.com/8x48rt http://twitpic.com/8x48xg (Just a first step, still lots of work to do! No ETA!)
MuscleNerd hasn’t provided any further information, so it is not clear whether the jailbreak is untethered or if the jailbreak will work with iPad 2 and iPhone 4S. But as he has pointed out there is still lots of work to do, so don’t expect the jailbreak tools to be released anytime soon.
Screenshot of Cydia running iOS 5.1