I would expect the new iPad no later than Q2 2011. The current generation was announced in January and available in April. I see no reason why Apple shouldn’t update the iPad yearly – just like the iPhone and their iPods.
If they go the iPod evolution route, I expect to see a price drop to put more pressure on the low-end. I still dream of a dock / network sync that will allow people not to have to own another computer.
http://www.crunchgear.com/2010/09/10/apple-may-be-planning-a...