The first release of Spirit had a bug that accidently could delete all of your photos from the device that was jailbroken. If you have a backup which you made before jailbreaking your iPhone/iPod Touch/iPad, here is a quick guide how to recover deleted photos.
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iPad USB Camera Connection Kit is much more useful as it seems. Max Sha, an experienced user, was able to access external hard drive with this kit. All you need is a jailbroken iPad, an external drive, a split-USB cable to give the drive some power and a terminal of some sort (f.e. MacBook) to mount the external storage. While it is a little unwieldy, it shows that Terabytes of external storage for iPad is possible.
Here is a complete step-by-step guide from Max Sha: