It doesn't look any different than on the iPad (3rd generation), but here's Cydia running on the iPad (4th generation): pic.twitter.com/zhrii6uX
Yesterday, MuscleNerd posted to show that the jailbreak discovered by chpwn was working for the iPad mini.
Last month, chpwn revealed that his jailbreak would be reserved as a failbreak. That means it will be limited to jailbreak developers and won't be released to the public. This is being done to make it easier to discover new exploits (which will be used for public release) in the future.
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