I created a profile I believe represents the colorspace of at least one (mine) first generation iPad. I'm not going into details as to the dervation method - it involves displaying and measuring a large group (99) of color patches on the iPad, and then using the spectral measurements as input to a profile generating program. Suffice to say any good hacker should be able to figure out how to do such, although there are some traps to avoid (make sure 32 bit color comes across, turn off auto brightness on the iPad, etc.).
As most iPad owners know the display is already superb by laptop/tablet standards, using an IPS LCD panel that's well controlled. However, the gamut is smaller than sRGB, as evidenced by the attached gamut plots (Yxy and xy chromaticity, wireframe is sRGB).
I used the profile to convert several images for transfer to the iPad to test its usefulness. Probably more significant than the hue shifts is the tonal response; like most LCD monitors the iPad display tends to squeeze the shadows, and conversion using the profile will bring out detail in darker areas, such as hair in portraits. The third attachment, neutral curves, clearly shows the "bend" required on the RGB channels necessary for tonal correction.
And finally a before and after of a colorchecker image, upper left of each patch is straight sRGB values and lower right is converted via the iPad profile. There are definite hue shifts, although again the tonal differences are probably more significant. This image has no embedded profile, for those of you with iPads please save it off and load it on your iPad for comparison. Also remember some clipping is occurring, the cc cyan patch (third row, far right column) is out of gamut in sRGB (red channel clipped to 0), and the yellow patch is additionally out of gamut (blue channel clipped to 0) for the iPad space.
Richard Southworth