iLounge offers a new series of notes sharing information from a source about Apple's plans for the iPad 3. Among the most interesting notes is the claim that the next-generation iPad will carry significantly improved cameras on the front and back, moving to a FaceTime HD camera on the front and a higher-resolution iPhone-like camera on the rear. The source also reiterates iLounge's earlier claim that the next-generation iPad will be slightly thicker than the iPad 2 while retaining the same general form factor. iLounge's source also follows some other current lines of thinking in reporting that Apple will continue to offer the iPad 2 alongside the iPad 3, dropping the price of the current model in order to tackle increasing competition from lower-priced competitors such as Amazon's Kindle Fire. Horwitz offers a $399 base price for the iPad 2 as a possibility, although that number appears to be pure speculation. Finally, the iPad 3 is said to be in line for another March release, similar to that seen with the iPad 2 last year. Article Link: iPad 3 to Gain Improved Cameras? iPad 2 to Carry On at Lower Price?