Just a few days back Dev Team release redsn0w 0.9.6rc9 but still no sign of iPad 2 being jailbroken.
Well, jailbreak program for iOS 4.3.1 was released, though it does not work for iPad 2. Dev-Team’s redsn0w 0.9.6rc9 also released update for Windows as well as OS X, enabling iOS user over the world to jailbreak their iDevice. However, this does not apply to the iPad 2, whose security has apparently been tightened over at Cupertino.
Even Apple is trying hard to prevent Jailbreak on iPad 2. However, Dev team also announced that they are working hard on the jailbreak software for iPad 2. They even added that it will be out very soon.