Here are some of hackers tweets:
MuscleNerd:
So far, our tests have shown my theory might be right đ (Once the A5 bootrom is off, it stays off until power cycle)
And another from MuscleNerd:
the bootrom is actually inside the A5, so that would require some very advanced decapping and optics
While p0sixninja added today:
Wow, I guess @MuscleNerd was right. BootROM just isn’t there… Guess I gotta go HAM on Apple now.
Bottom line is this is going to take quite a bit of reverse-engineering in order to get it to work. Apple is making it more and more difficult to jailbreak their devices. That said, if anyone reading has some knowledge that can help them out, it may be a good time to lend a hand.
Getting the iPad 2 jailbroken would mean that we are one step closer to jailbreak all the rest of the Apple iDevices coming this year including iPhone 5, iPod touch 5G or any new form of Apple TV they may introduce. We will see what happens, but at least now you know what the holdup is.