Art credit: iLounge.com

Whether Apple’s next-generation device will be called iPad2 or iPad 2 is still debatable, but one thing is for sure, it will have a rear-facing camera and most likely, an SD card expansion slot. Video after the break. Click here for more pictures.

We’re thinking it might be for a revised speaker design — the cutout is located just above and behind the location of the current iPad’s speaker.

[via EngadgetMIC Gadget]