I just wanted to share with everyone my experience to maybe help others out in my situation.
I had severe backlight bleed on my 32 gig black. I could see it in netflix on any brightness I would use the ipad with (I use it at a little more than 33% most of the time); furthermore, I could see it on the wallpapers the ipad2 came with like the one with the cherry blossoms on the gray background. Anyway to me, it was an unacceptable amount. This most definitely is an issue Apple had to have noticed which just p isses me off.
I bought it at bestbuy, and after 8 days of waiting to see if the glue was dry (no improvement, I tend to agree with the pinching theory) and not wanting to return it during my work week, I made an appointment with an Apple Genius yesterday, Saturday. I was ten minutes late for my appt., and no one would help me, but they scheduled me for an hour and a half later. I just walked around the mall and got dinner. I knew I was late, but I kind of felt like they should still help me because I was returning a brand new, defective product.
Anyway, when I did get to the appointment, the tech said it was due to glue drying and started talking about iphone 4. I dont believe it. He said he only had a replacement in white, but I could get the 32g wifi plus 3g. I took this option because I regretted not getting 3g with my type of use in the first place. He came out with a brand new one, and I asked if I could open it to check it. He said no, but I could definitely return it again, and that would be no problem (as I have read about people getting worse ones!) I took my chances and went home. Oh and I also asked him if others were having this problem, he tried to downplay the issue, but admitted to returning "a few" of these due to the same problem last week. (And with so many tech people in that small store and he got 3 returns for this issue, imagine how many in total, I wonder...)
My second iPad is considerably better. There is only one noticeable area of bleeding that I can't see at 35% brightness. I was made happy by the solution I was given, but wish I didn't have to wait at the mall for over 2 hours yesterday for a return.
I am writing this post to say: Dont settle for something youre not happy with. Even if it's not noticeable in regular use, if it's bothering you and you can see it around the borders of your pictures or movie box, why keep it? From what I hear this wasn't a large issue with ipad1, so the same quality should be expected in the upgraded, more expensive edition. If you didn't buy your ipad at Apple, it's ok, you can still take it to apple. You can return it over and over again. And lastly, they DO keep exchange stock in the back. Apple was more than happy to replace it, as I'm sure they know of the problem. I was overall satisfied with the customer care.
And I forgot to mention, if I had chosen to order the 32g black(which he said would have taken a week), I would have still taken my original ipad2 home that day. If you go through Apple, you wont ever be without the device even if they dont have your exact model in stock.