TiPb iPad 2 Concept

Engagdet is updating their previous iPad 2 rumors, saying the SD card and hi-res display didn't make the cut but the sleeker, slimmer form factor did -- along with an iOS 5 preview?

We're hearing it's most likely a thinner, spec-bumped variation of the original iPad with a screen size and resolution identical to the current model. More RAM (512MB) and a more powerful CPU (the A5) are expected as well. It's also a pretty safe bet the tablet will be sporting at least one camera up front -- though if some of those case mockups we've seen tell us anything, expect a shooter around back too. It's also almost guaranteed that we'll see the next version of iOS (number 5 in all likelihood, along with its SDK for devs), and an expansion of Apple's cloud services (that part is a little... foggy right now). Of course, that will perfectly set up Apple's announcement of the iPhone 5 in June, which is when iPad owners can likely expect to be using the new software.

Given the problems it would cause, a hi-res display never seemed likely and as far as the SD card, Apple has an adapter for that. One or two cameras is an interesting question, as is the idea of iOS 5 being previewed at the same event. We've already asked the TiPb nation their thoughts on whether iPad 2 and iOS 5 will share the spotlight so does this change anyone's mind?

UPDATE: Daring Fireball has weighed in saying the hi-res display was never on the table and wagering SD wasn't either, so they couldn't have been "cut", but adding some carefully hedged speculation about carbon fiber to the mix:

I could publish things I’m only half-sure about, like the iPad 2 switching from aluminum to a lightweight high-strength carbon fiber body, but I don’t, because I’m only half-sure and I’ve only heard about it from second-hand sources who themselves are unsure about it. And even if I were to off-handedly mention such speculation, I’d do so in a footnote and take pains to emphasize the uncertain nature of the information and the second-hand status of the sources thereof.

We'll find out on Wednesday.