If you don't own an iPad, now is a great time to jump in. For everyone else - wait until next year. Trust me. The jump from 3 to 4 is not worth it. Apps are not yet taking advantage of the increased horsepower and with the release of the mini and continued sales of ipad 2 they won't for some time. Google the comparisons between the two and you will see there is no substantial difference (placebo effect notwithstanding . The iPad 2 and 3 use the same processor so if you already own the 2 and haven't been swayed by the retina screen - no reason to change now. If you own an original ipad and have waited this long - 12 more months until the next release won't make a difference. The 5 will see a new form factor (iPhone 5 and mini-like), lighter weight, thinner, increased storage and quad core processors. Competition from android and MSFT will drive these changes. It will represent the true PC replacement for most users and is worth holding out for. Sorry for all the recent upgraders and the only thing I can say is resale will be your friend .