Apple has seeded developers of its iPhone Developer Program with the Golden Master version of iPhone OS 3.2 SDK. As you know the Golden Master is the shipping version (from prior OS releases) that developers must use to develop iPad apps.
According to the end-user licensing agreement:
Apple will provide you any iPad OS software updates that it may release from time to time, up to and including the next major iPad OS software release following the version of iPad OS software that originally shipped from Apple on your iPad, for free.This means that iPad users will receive the first major update for free, but will pay for anything beyond that. It feels a bit similar to how OS updates were handled with the iPod touch.
For example, if your iPad originally shipped with iPad 3.x software, Apple would provide you with any iPad OS software updates it might release up to and including the iPad 4.x software release. Such updates and releases may not necessarily include all of the new software features that Apple releases for newer iPad models.
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