Jailbreaking ipad 3.2 Firmware is now very easy using the new spirit tool. Spirit jailbreak tool for ipad 3.2 firmware is available for both windows and mac osX. You would require an iPhone, iPod Touch or an iPad with 3.1.2, 3.1.3 or 3.2 firmware to run Spirit along with the the latest version of itunes software ( any version of iTunes 9 ). The jailbreaking process is very simple, though many people search for the videos on jailbreaking ipad. Here’s one video showing jailbreaking ipad 3.2 firmware with spirit.
Spirit is a tethered jailbreak tool for iPhone, iPad and iPod Touch with which you could easily jailbreak the device. But if you already have a tethered jailbreak for your device, then you should restore the device from the backup you took earlier. Otherwise you won’t be able to run Spirit on your iPhone, iPad or iPod Touch.
iPad Jailbreak Video
The jailbreak is all software based, and is as simple to use as blackra1n. It is completely untethered, works on all current tethered models(ipt2, 3gs, ipt3), and will probably work on iPad too.
Here is another video released by geohot (the infamous iphone hacker) confirming jailbreak of iphone.