Johnny Franks has released a PwnageTool bundle which allows iOS 4.3 iPad jailbreaking. This bundle can be used with the current version of PwnageTool to create firmware which is jailbroken for the iPad. Cydia is currently compatible with iOS 4.3 for this (semi-)tethered iPad jailbreak.
This procedure is for those having installed iOS 4.3 and is meant for expert users and must manually create a RAM disk to restore custom firmware. Cydia is compatible with iOS 4.3 in its current version.
Even RedmondPie thinks this procedure is complex...
WARNING: The jailbreaking procedure is complex, and hence is meant for advanced users only. It will require you to make your own ramdisk because the latest official version of PwnageTool makes a broken one for iOS 4.3. Proceed at your own risk only. We are not to be held responsible if you end up bricking your iPhone, iPad or iPod touch.
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