Photo credit: Engadget.com

Apple’s press conference today focused on the much rumored iPad 2 announcement. The release date has been set for March 11th, with prices starting at $499 for the 16GB Wi-Fi model. Other features include: a 1GHz dual-core Apple A5 custom-designed, high-performance, low-power system-on-a-chip, a rear-facing camera capable of 720p video recording, and 9.7-inch (1024 x 768) LED display. Videos after the break. Click here for more pictures. Here’s the bottom line:

This thing is insanely fast. We’re not joking — it’s blazingly fast. Everything the iPad 2 does feels like it’s on turbo. We’re uploading a video of the some evidence of this, you’ll be appropriately stunned.

[via Engadget]