John Paczkowski of AllThingsD’s analysis and research indicates that, The future generation iPad will not come to the market until 2012.
While many rumors expected the release of iPad 3 — which might be the name of new iPad — in vacation season of 2011, but we have as well come across some indications that it will not make it until the new year.
If we see the history, Apple announced the iPad 2 in March, this was the 15 months later the launching of the first-generation iPad. So, a early 2012 launching would be more logical for Apple.
There’s always the possibility of Apple launching an iPad HD in coming few months, with the next better variant coming out in 2012.