The white iPad 2 has already been jailbroken just days after it was released. I find this quiet funny, only took the hacker a couple of days. It was running iOS 4.3 and the jail breaker, Comex has not said anything about whether the jailbreak will be made public. Jailbreaking allows you to run 3rd party apps on the Cydia app store, only available after jailbreak. It is legal but you break the warranty with Apple.

iPad 2 running Cydia

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