Is this more or less what the new nintendo handheld does? How do they differ if not?
http://loot-ninja.com/2010/06/22/how-the-nintendo-3ds-screen...
Basically, the iPad 2 demo only gives the illusion of being 3D when you move it, but since your head and hands are pretty much constantly moving it should look "mostly 3D" if it has enough sensitivity.