I was stunned to hear this, but then I checked Apple's US website (there isn't one for other countries) and realised it was true!
Perhaps Apple made a big mistake and the A5X and PowerVR SGX543MP4 aren't going to be powerful enough to feed that retina display plus the (admittedly rather minor) add-ons, which is really surprising.
Allez my iPad 2 - meaning no upgrade for me this year.

Now sounds like a wise investment though, despite its shortfalls (poor screen compared to Retina models and rubbish camera)!
Looking forward to using Yosemite on my still-current iMac - phew! I honestly thought it was going to be replaced.
Image