The neverending source of amusement and crazy rumors that is Digitimes is saying that Foxconn will start shipping the iPad 2 "as soon as the end of February 2011". They claim that Apple will then launch the new version of their tablet in April, as logic and the history of the iPhone dictates: Release a new version each year. [Digitimes]
I am will bet dollars to donuts that it will have a retina display. It will be magical and will be XX% faster. On another bet, I will mock it continuously until I get in line to purchase one, at which time, it will become magical for me :))
PS No brainer, it should have a front facing camera.