MuscleNerd -- a well-respected member of the iPhone Dev-Team -- declares root access on an iPad. According to this fella's tweets, this new hack is a port of Comex's "Spirit" jailbreak that exploits a bug found on both iPhone OS 3.1.3 and the iPad's 3.2. No downloads are offered right at this moment, but it shouldn't be long before we can throw in all sorts of wild apps and widgets as we wish. Video after the break.
[Thanks to everyone who sent this in]