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On a day that will undoubtedly be dominated by those keenest of early-adopters, the iPhone Dev-Team has assessed the jailbreaking prospects of the third-gen iPad, and concluded that the mountain may not be that steep to scale.

The device, which hits stores at 8AM this morning, is likely to sell out fairly quickly, with many of the tech world’s most ardent disciples having descended on that familiar pilgrimage to their nearest Apple Store. Indeed, we suspect some of you guys are queuing up as we speak, so this morale-boosting jailbreak news will certainly bring a little respite to an otherwise tedious waiting game.

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The iPhone Dev-Team has noted that the way iPad 2 was jailbroken about 4 months ago can be replicated on iOS 5.1, providing at least a platform from which the jailbreak can eventually be forged:

We can confirm that the method used to jailbreak the iPad2 4 months ago (before corona) still works even in 5.1.  That means we’ll at least be able to get our foot in the door to get the required kernel dumps on the iPad3.  That’s an important step, but by no means is it the end of the story.

Additionally, the post goes on to discuss @i0n1c’s Twitter teaser, which we covered late yesterday.

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The legendary jailbreaker showed off images of his iPad 2 jailbroken on iOS 5.1, and his method is said to be unrelated to the one being discussed above. The post continues:

We’ve also seen bits and pieces of an entirely different jailbreak method being investigated by someone close to the Cydia repo scene.

With the Corona revelation, @i0n1c’s tantalizing showcasing, along with this unspecified third party all battling for the same cause, the future of the jailbreak scene looks to be in great hands. Add to this @pod2g’s continuous endeavors into an exploit, and we’re looking at a formidable bunch of talented individuals working hard to find a potential jailbreak for the new iPad.

If you are buying the new iPad, and would like to see a jailbreak at some point in the near future, make sure you do not update it whatsoever, since Apple tends to knock the jailbreak scene down a peg or two with each iOS revision.

In the meantime, for those of you who own A4 devices (like iPhone 4, iPad 1, iPod touches) can jailbreak the latest iOS 5.1 (tethered) by following the instructions posted here to jailbreak using Redsn0w, or here using Sn0wbreeze. For jailbreaking iPhone 4S and iPad 2, you can simply follow our step by step tutorial posted here to jailbreak iOS 5.0.1 using Absinthe on Windows or Mac. Those of you with an iPhone 4, 3GS, iPad 1, and iPod touches can use Redsn0w or Sn0wbreeze to untether jailbreak on iOS 5.0.1.

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