A new report from sources familiar with Apple's iPad line-up says Apple may release a new iPad this year but not the iPad 3. This new model will showcase a new high-res display with much greater pixel density however will not be 3rd generation; it has been called at this time the "iPad 2 Plus".
FBR Capital Markets analyst Craig Berger stated that based on his watch of Apple's overseas supply chain, he can conclude that Apple could release an updated iPad 2, an "iPad 2 Plus," this year. He was tipped that component makers have received quotes from Apple suggesting a device, however no shipment or schedule in this regard has been confirmed.
Berger mentioned that Apple's migration could fix the iPad 2 Plus with a pixel density of 132 ppi to 250-300 ppi (ppi = pixels per square inch)(the current iPhone 4 is 336 ppi). Despite the certainty in his information, Berger cautions one from believing right off the bat that the iPad 2 Plus is a go. He himself would need to hear more information about the new hardware before "fully" believing Apple was migrating to this alternative.
Berger's information goes contrary to recent reports about the iPad 3 releasing this year (September-October). If he is indeed correct, Apple may release an expansion to the iPad 2 with a higher-res display. Information regarding other possible features that could be placed on this "iPad 2 Plus" are unknown.