I know a lot of people here seem to think this, but I just don't see it happening and here's why... First off, "Retina Display" on a screen that size would be much more costly than the smaller iPhone screen. Unless they raise the price of the iPad, I don't see this happening. If Apple intended for the device to have this screen, they would've included it with the first gen model. Eventually, with the 3rd or 4th gen model, they'll improve it so it can play 1080p video and it'll be a big deal.. "Watch full HD movies, on iPad". At this point, the cost of the screen will go down. As far as memory goes, I could see them adding 512MB of ram to match the iPhone 4. It wouldn't be that noticeable though and most people wouldn't even realize it's any different. They're not going to add a ton of ram to the next model because that would split up the app store. Developers have to manage all their apps and optimize them each time Apple makes a more powerful device. At that point, they would have like 5 iOS devices to optimize for. That would be a headache for most. Yes, technology evolves.. but it's still too early for Apple to take this step with this device. Since they're adding Face Time functionality to everything, the next iPad will most likely have a front facing camera. I don't see them adding a back camera, but it's a small possibility. There's a small chance they'll add a 128GB model for $799. Flash drives are still not cheap so they're not going to make 32GB the entry level just yet. So those are my thoughts on the next iPad. The biggest change I see is Face Time functionality added. The iPad is still a new device and they're not going to completely revamp it after only a year. Remember, it took 4 years for the big iPhone change. Developers are just now starting to tap into what the latest iOS devices are capable of. There's not much need for improvement at this point since there's not a whole lot of competition. I know there's threads on this, but I figured this might help people with their decision to purchase now or wait. Please correct me if I'm wrong on any of these points though. This is just my opinion after all.