One year after the iPad 1's release, Apple has just announced the release of the iPad 2
Thinner and lighter
33 percent thinner - 8.8mm thick
15 percent lighter - 1.3 pounds
The iPad 2 on the left is noticeably thinner and sleeker than the previous iPad 1 on the right
Front and Rear Cameras!
Facetime and high quality video recording!
The iPad 2’s rear camera can record 720p videos, front camera can record at VGA aresoultion
Twice the CPU power! 
The iPad 2’s 1GHz A5 dual-core processor enables up to twice the CPU speed and
graphics processing that is nine times faster Black or White bezel, iOS 4.3 
The iPad 2 will ship with iOS 4.3.
It will ship in Black or White bezel on sale date – no need to wait for days to release the white version
Ipad 2 will be available to AT&T or Verizon customers. The expected sale date is March 11, 2011
iPad 2 features that did not happen
The iPad 2 is not yet a mobile hotspot like the iPhone 4. Apple must have withheld this feature for future upgrades
The mystery of Ipad’s RAM still exists. Apple will not disclose how much ram the iPad2 is using. Initial user previews seem to notice that performance is better than the iPad1.
Old specs that remained the same:
10 hours of battery life
Available in capacities of 16GB, 32GB, or 64GB
Available in WiFi or WiFi+3G-capable