Burned
Yes, I feel burned by Apple with a 7 month release cycle of the iPad. I'm not going to bitch and moan about it, but I'm not going to pretend that I don't feel slighted. For those who say it's just a minor spec bump, I beg to differ.
720p HD front facing camera vs 0.3MP
Simultaneous Dual Band / Dual Antenna Wi-fi vs single band (yes, iPad 3 will do 2.4GHz OR 5GHz, but not at the same time).
Lightning vs 30-Pin
Image Stabilization Processor
But most importantly the A6X processor vs A5X processor which is according to Apple, twice as fast.
The change from the iPad 2 to the iPad 3 was A5 to A5X, basically adding in Quad-Core graphics, but otherwise no MAJOR speed improvement. Now those same Quad core graphics are (supposedly) operating twice as fast as well as core CPU functionality.
I WOULD NOT call that incremental at all. Especially considering the speed difference between my 4S and my 5.
I maintain that the iPad 4 was the answer to the quesion no one was asking. If they held this with the same specs they announced and released it next spring, no one would feel that Apple had fallen behind. They'd have been selling through the iPad 3s just as well, even through the holidays. Tim said himself that the sales were phenomenal (paraphrasing). So what was the benefit? Having a single connector? If you check the Apple Store, you'll notice they're still selling the iPad 2 (new) with 30-pin and the iPhone 4 and 4S with 30-pin. So I can't buy that excuse. While it's speculation, those of us with 3rd gen can't help but wonder if we're one step closer to obsolescence after just 7 months on a product that STARTS at $500 (higher than most tablets with comparable specs) since Apple is only selling the 3rd gen iPad as refurbished.
If this came out in the spring would people really feel that it wasn't enough to warrant a year product cycle? I understand that Apple has share holders, but when you burn your loyal customers, the ones who continue to come back year after year, what do you think will happen to your bottom line? Contrary to what some people may say, we're not all sheep.