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In a dark room, I notice a small amount of light bleeding, as compared to the OP's issue. I can definitely live with mine. I would return my unit if it were as bad as the OP's.
 
Thanks for the insight everyone! I didn't know that mine was that bad. Going by what people say on these forums I was under the impression that all iPad 2's were as bad as mine. However, I must say that picture is a bit of an over exaggeration due to the exposure. Here's a more accurate representation, but i guess I should exchange regardless.
 

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