Hi everyone, I currently have the Gen 1 Ipad player and couldn't be happier. I generally like to read ebooks and watch movies/ netflix on it. Originally my wife made fun of me for getting one, now I have to fight for it to use it! So now, I am contemplating getting his and hers.... The only hiccup that I have with my current Gen 1 Ipad is that processor isn't powerful enough to play HD movies. 480p is no problem, but when I try to load anything above 720p, VLC player has difficulty playing the film. So here's my question- is the current Gen 2 Ipad powerful enough to play HD movies (720p +)? Or should I wait for Ipad 3? Thanks for your input!