Although individuals have already demonstrated working hacks of Apple’s iPad, it seems like it’s taking them forever to actually release a working jailbreak… and if you’re an iPod Touch owner, it seems like it’s been even longer since the first working, untethered 3.1.3 jailbreak was demonstrated, only to never be released.
It looks now like everyone has something to look forward. According to the iPhone Dev Team’s blog, they intend on releasing an iPadjailbreak sometime soon after the iPad 3G goes on sale.
Better yet? The “Spirit” jailbreak won’t just work on iPads, but on the iPhone 3GS and iPod Touch 3G too, as well as earlier devices. No carrier unlock, though, unfortunately.
The Dev Team is recommending that you back up your devic’es SHSH blobs as soon as possible if you want to jailbreak, before Apple patches the explot. Instructions on how to do that are here.