UPDATE: The iOS 5.1.1 jailbreak has arrived. For iPad jailbreak instructions, click here.
The official Hack In The Box Twitter page seems to have confirmed that pod2g and Chronic Dev Team will announce their new jailbreak at a special event on Friday in Amsterdam. Part one of the event is listed on the official HITB agenda to start at 11:30am on May 25th. Part 2 of the event will begin at 1:30pm after a "lunch break." That's is around 7am EST in the US.
Pod2g made a few tweets about the iPad 2 and iPad 3 prior to HITB's announcement:
OK just added iPad3,3 support to Absinthe thanks to @flawlessfox. Only remains iPad2,4 now but we need the actual device.
Any people of #HITB2012AMS has an iPad2,4? Model number: either MC954 or MC989. Please check in Settings / General / About”