Based on (1) the available evidence and (2) Apple's sales tactics history, it seems to me that an updated iPad or at least some sort of iPad price drop will be coming in the fall. The evidence: (1): This is how Apple does things. Whenever they can, they try to extract a few extra bucks out of their early adopters. The original iPhone fiasco is the most obvious example but the same things could be said about the first gen iPod Touches which got a "fortunately timed" $100 price drop and the original unibody MacBooks. (2): All the evidence seems to point to a front mounted camera and iChat AV for the new iPhone model coming out in June. Doesn't a front camera and iChat AV make at least as much sense for the iPad as the iPhone? (3): The device model numbers referenced in the new OS 4 sdk point to not only the new iPhone model coming in June, but also to a next generation iPad model, eg one after the iPad model that is currently out. (4): Why wait until the fall to release OS 4 for iPad? Don't all the new features such as multitasking and iAds make at least as much, if not more sense on the iPad? Unless they are waiting for a new iPad revision to come out... so yeah, if I was able to bet on it, I would say that we're going to see a new iPad model in the fall coinciding with OS4 for iPad. It should probably have a front camera, and it should probably have some sort of price break which may not necessarily mean lower price points, but maybe they include the "iPad 3G" features in the normal prices (eg not $130 extra, considering that it costs them less than $30 in parts and labor to add those functions according to the iSuppli analysts). I don't want to get my baseless speculation too specific as to price points and features, but all signs point towards some sort of iPad revision in the fall.