Received the new iPad an hour ago - we've run some quick tests, and are happy to report the Bad Elf GPS seems to work just fine. Please note that we can't officially claim compatibility with the new iPad until we have approval from Apple under the Made for iPod (MFi) program. Based on past experience we expect this to be complete within 3-4 weeks.
What's that app on the screen, you ask? That's a preview of our new utility app, which should be available on the App Store shortly. More details soon!