It's actually a pretty typical level for displays in general. It really shouldn't be a problem unless it's something you commonly notice. I've mentioned this in other threads, but the only current way I know of to get it consistently close to perfect is with secondary panel blocking type correction which would cost you a a little bit on your black levels.Definitely has some bleed, but no worse than my iPad 2 had. I only noticed the bleed if I was looking for it.
Excuse my ignorance, but when you say launch iPad 2, I assume you mean when they first came out and then when you exchanged it....after you noticed the bleed or a couple of months after the iPad 2 was out?^Same
Better than my launch iPad 2 but worse than my perfect exchange iPad 2