I have i4 and iPad 1 32GB suits me well. Picked it up a few weeks ago from Verizon store for $399. Would have to shell over 50% more for iPad 2 in same capacity, for cams and upgraded RAM/CPU/GPU. Don't get me wrong, it's a nice update, but for what I do, it's not going to be 2x/9x better cpu/graphically. I'm not a hardcore gamer.
Considered selling to keep up with iOS5 when it comes out but Apple isn't going to totally shaft first gen users like the 3G/iOS4 fiasco. Way too much of a customer base to annoy, and the product is 12 months old but still way ahead of competition.
I've considered reselling mine and getting the base 16GB iPad 2 but I think when I need that extra storage, I'll be slapping myself and wondering why I needed all the other specs bumped but capacity reduced to half and pay an additional $100 ($499 for 16GB ipad 2 obviously)
Curious to see what iPad 3 has to offer. And if I somehow fell into an iPad 2 I wouldnt be mad at all haha. and it might be a while before iPad 2 bootrom is exploited for JB (probably what iPhone 5 will have too).
Without JB, I don't like my iDevices nearly as much (but they're still great either way).
AppleTV in particular. All I do is netflix that's stock. All I do that's not stock (most useful) is XBMC. it's a dream.
XBMC on ipad is awesome too.