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Ipad 2 as hot spot

I'm afraid not.While the ipad2 3G cannot be used to create a wifi hotspot,it can be tethered to a hotspot created by another device such as an iPhone.
 
I tether my iPhone to my iPad for data when I am not home or have no access to a wifi network for 20.00 per month via Verizon. I save 10.00 for not having a separate data plan for the iPad.

Sent from my Verizon Black 64GB iPad 2 With IOS 5.01 Update From NYC using iPF
 
Just to be clear, a jailbroken iPad can be used to tether via wifi, bluetooth, or USB. There are several JB apps which enable this including MyWi, my personal favourite. For some this is one of the primary reasons to jailbreak.

Head on over to the Hacking Section if you want more details on jailbreaking, and please read our stickies there for the facts.
 

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