This didn't take very long. Above is a video demonstrating the so-called "Spirit" jailbreak of an iPad. Note that the software breaks iPhone OS 3.2, currently only available on the iPad. It also works with iPhone OS 3.1.3 for the iPhone and iPod touch.
In the video above, the user gets root access to the iPad and launches the Maps application. iPhone owners typically jailbreak their devices to use other carriers. Of course, the 3G iPad scheduled to be released this month will be sold unlocked, but it's 3G frequencies will be limited to AT&T in the US.
Good work, MuscleNerd. You're fast!
[Sorry for the duplicate news, miscommunication in the edit bullpen. –Ed.]