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Since 4.3.1 is already exploited by the legendary @i0n1c, we’re working on finishing iPad2 jailbreak now.
It is important to note here that Apple has already patched iPad 2 jailbreak exploit in iOS 4.3.1 which was found by Comex on iOS 4.3. Since Chronic Dev Team hasn’t announced on whether their new jailbreak will work on iOS 4.3.1 (or the upcoming iOS 4.3.2) or not, therefore to be on the safe side, it will be better to stay on iOS 4.3