While the report doesn't seem to add much new information...
As an Apple shareholder, I very much resent Wall Street Journal's relentless rumor mongering about iPad 3. Why such an obsession with iPad 3 from a leading newspaper like WSJ? At the narrowcast level that we here are, we read about and talk about all sorts of rumors but people in the wider world pay attention to what WSJ says without knowing the context. I do not like it because it can have an adverse affect on iPad 2 sales during the holiday quarter which will not be good for its financials and the stock price. There is a good reason why Apple is tight-lipped about its product plans.
for staying 3:4 ratio! It is ridiculous, yes RIDICULOUS that computer monitors in 3:4 ratio get rare or non-existent. Especially with word processors and operating systems using bars and menus on the upper or lower part of the monitor makes web books (these little ones) look like you are writing 3-liners instead of letters... As long as we don't go landscape on US legal format (216 x 356 mm or 8.5 x 14.0 in), that is absolutely pointless. Please, don't come with the excuse "but I want to watch my movies in landscape on it" (digital copy because they don't have a DVD drive) - it's a web book for Christ's sake! Use a portable DVD player - they are cheaper anyways - web books target was at one time to make INTERNET and OFFICE mobile. Oh - and who designs web pages sideways? I didn't find that, yet either. So, for an overview, 16:9 ratio monitors are just the worst move ever.