Most of the Apple rumor sites are speculating that the ipad 3 will be out in March-April of 2012. I have the original iPad and will seriously consider buying the 3 when it comes out....more a want than a need. It is such a cool device (especially if you're not already exposed to all the smartphone stuff).
Here's an excerpt from one rumor site on version3:
It will have a faster processor, which is rumored to be the A6 processor, a camera with better resolution and clearer photo capture, a retina display that will surely be appreciated by tablet lovers, and other improved iPad apps.
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Maryland (DC Suburbs) - first 51 years 
The Villages - next 51 years 
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