A post over at the Modmyi forums reads:
“big rumour right here
From different sources people know that Geohots new jailbreak will be called limera1n
limera1n (from geohot) will jailbreak iPad and untether all devices. most likely coming out on April 30, when the iPad 3G comes out.”

Indeed, a simple search on DomainTools.com reveals that limera1n.com has been secured by geohot. The hacker posted evidence of his latest achievement on the iPhone OS 3.2 front earlier this month – the iPad, fully jailbroken! A picture of Apple’s Wi-Fi tablet, the only available model so far, shows the Cydia and Blackra1n icons right next to Apple-approved apps like Pandora, Twitterific, and Skype (picture available above). Many believe he is now gearing up for the imminent release of his own “latest creation.” Should these rumors prove accurate, the code-savvy blogger may surprise the world by supporting more than one iPhone OS version, enabling both iPad and iPhone users to employ his hack.

Geohot’s Blackra1n jailbreak tool features an icon resembling a droplet of water colored dark grey. The limera1n logo is of the same shape and size, with a green-ish appearance. Should it materialize in the coming weeks, the rumored limera1n application is likely to sport an icon based on the green raindrop artwork.