Great news from i0n1c: he just posted a video shows his alpha untethered jailbroken iPad running iOS 4.3. Before you get all excited, the whole process is still in *testing mode*, but this is proof that an untethered jailbreak will drop sooner than later. i0nic is not part of any devteam and his exploit will most probably end up in redsn0w. At the moment i0nic is the only one with an untethered iOS 4.3 jailbreak so watch out for fake devs.
Watch the vid after the break…