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By jailbreaking your iPad you will be able to install third-party software (for example, if you don't want to buy them) and much more. IMO, jailbreaking your device will unlock its true potential - you wouldn't believe how many things with will be able to do with it afterwards.
However, there's a downside! If you're not careful ot you just use a bad jailbreaking method, you can brick your iPad. Also, you will probably lose its warranty too. Buuut, if you're careful, everything will be alright.
f4780y said:This is factually incorrect information. It is IMPOSSIBLE to brick an iPad when attempting to jailbreak it.
Also, Jailbreaking is NOT about getting apps for free that you would otherwise pay for as you seem to insinuate. We take a very dim view of that here! Please read our rules otherwise you will be issued with infractions.
We have a hacking section of these forums which contains a wealth of information. OP, I suggest you head on over there and read all our sticky threads and feel free to ask any questions you like. However, please be aware it is currently impossible to jailbreak an iPad4