Apple iPad has been JailBroken by iPhone Dev-Team member MuscleNerd. This recent Jail Break is similar to the technique used for iPhone 3.1.3.
Browser Based exploit is used to gain root access and run unsigned applications on iPad.
The exploit makes use of security hole present in previous iPhone version 3.1.3 which has not yet been patched in iPhone 3.2 firmware.
Have look at Apple iPad Jail Break Video