The specs aren’t technically unimpressive. I thought they would be, too, but Anandtech just started with their benchmarks and CPU performance is great [1], GPU performance leaves everyone in the dust [2]. This, together with best in class battery life makes me wonder why anyone would currently buy a competitor. (The cameras are horrible. I guess if you really love cameras – seriously love – then you might want to check out competitors.)
[1] http://www.anandtech.com/show/4215/apple-ipad-2-benchmarked-...
[2] http://www.anandtech.com/show/4216/apple-ipad-2-gpu-performa...