http://www.crunchgear.com/2010/04/04/ipad-jailbroken
they did it in one day too.
And were done the iPad has been jailbroken and can currently run an SSH server. The 3.2 firmware still has a number of security holes which allowed the iPhone Dev-Team to break it using the iPhone 3.1.3 hack.
It hasnt been officially released, so keep your pants on.
they did it in one day too.