Theres no way an 8gb iPad 2 is going to happen. That is WAY too low of storage for a tablet. To those who say its a possibility because of Apples push into education: most of those new fancy digital textbooks Apple is pushing with the textbook companies come in around 1.5-2gbs in size. Explain to me how a student will fit all their classes textbooks on an 8gb iPad. An 8gb iPhone is one thing; an 8gn iPad is another. It's pointless. My best guess is the 16 iPad 2 stays around for $399 and we have the iPad 3 taking the current price points and same storage. I don't think we will see 128gb this year.