Geohot is working on blackra1n jailbreak for iPad. He uploaded the picture of jailbroken iPad (in his blog) which had blackra1n and cydia installed. Let see when he comes up with the final version of blackra1n.
It seems that in coming times we will see some different jailbreaking tools for iPad. Devteam is already working on this, earlier chronic devteam announced too that they will be coming up with their jailbreaking tool called greenpois0n. We can’t forget iH8sn0w, developer of sn0wbreeze, another jailbreaking tool for iPhone OS 3.1.3.