Well after trying the redmondpie jailbreak instructions to jailbreak your iPad, we've decided to wipe out our "test" iPad again and follow the very similar...but more detailed instructions over at SpiritJB.org
I have run into the same issues with this second set of instructions...hopefully they will get these bugs worked out before the new year rings in!
Keep in mind, that the iPhone Dev-Team hasn't officially released an untethered jailbreak for iOS 4.2.1 yet as this is still in beta testing. If you can't wait, then these methods that we have tried here at iPadJailbreak.com are the best available. Maybe you should break in the new iPad you got for xmas a little before trying these beta version jailbreak! :)
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