Finally multitasking and app groups came to the iPad! Needless to say I was eager to do the upgrade… So I saw iTunes discovered the new version, suggests I should upgrade, the progress bar appears…

… appears to get stuck on 90%. No panic yet… just do it again, right? Now iTunes tells me the iPad needs recovery and then there’s an error stating recovery did not succeed. Ok, tried again, after reboot of iMac… same story.
Ah, internet! Let me take a look… hmm… lots of people with similar issues… Force recovery mode… Blam! Dead at 95%! Some people suggest you should keep waiting and this will eventually disappear, but I kept waiting a couple of times…
The solution that worked for me
Just when I thought I was left with an expensive mirror or that I would have to go to an Apple Service Center to make it “just work”, I read a post where somebody explained he reinstalled iTunes, then tried the recovery. Don’t ask me why (hell, maybe they don’t know why at Apple yet), but this did the trick.