On Friday last week, the Chronic Dev Team released Absinthe 2.0 to install an untethered jailbreak for all devices running iOS 5.1.1. I jailbroke my 3rd-generation iPad last week to gain access to my favorite Cydia tweaks last week, we even put together a video on how to jailbreak the new iPad for those new to jailbreaking. Now according to a tweet by the @chronicdevteam, well over 1 million people have taken advantage of the updated jailbreak tool Absinthe.
Be sure to use Absinthe 2.0.1 to jailbreak your new iPad. There is no need for DFU mode on your new iPad, the software makes it very easy to do!