I know apple isn't giving us iPad 1 users iOS 6, but will there be an update adding the simple things like iCloud tabs or the updated stores or are we just **** out of luck here?
No. Nothing. iPad 1 is end-of-life as far as Apple is concerned.
I'm familar with the term jailbreaking (not the process), but what would be the benefits of jailbreaking an iPad1 (WIFI only)?
Can you get more performance out of a jailbroken iPad? Speed it up at all?