Apple shows us the iPad. Details a bit sparse right now, but we have a name finally.
Update: The device can use all apps from the app store using native resolution or pixel doubling. The screen is 9.7inch ips display and has a capacitive touch screen. The processor is a 1Ghz Apple A4 processor with the availability of 16gb,32gb and 64gb of internal storage. It also has 102.11n Wifi with Bluetooth and 10 Hours of battery life. All of this in a 1/2inch device.