Just read the keynote of the new iPad lineup. Looks fantastic. Retina display. Quad core. 10 hour battery life. LTE option. 1gb of ram. Full iPhoto functionality. 1080p processing. iPhone 4s camera. Shoots 1080p stabilized video. On and on.
The most exciting news is they will retain the iPad 2 16gb model as the base model at a retail price of 399. Looks like they have shored up the mid range of the market.