Originally posted by Pixie
@chpwn aka Grant Paul, a well know iOS hacker has cydia on the iPad 4, Its just a picture no different to the iPad 3..
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This is more than likely a failbreak, as I think it is confirmed (or speculated) that both the ipad mini jailbreak and iphone 5 were both failbreaks as well
For anyone not knowing what a failbreak is, to my knowledge it is a jailbreak that is utilizing a dev account and can not be released to the public regarding legal issues.