The well-informed Wall Street Journal has backed up just about every iPad 2 rumor we have heard so far. The WSJ says the iPad 2 will have a front facing camera for FaceTime video calling, in addition to a new lighter, thinner design. The device is also said to include a faster processor, more memory (hopefully they mean RAM), and a more powerful graphics processor.

The new device will be thinner, lighter and will come with a faster processor, more memory and a more powerful graphics processor, said the people familiar with the matter. It will have a front-facing camera for the first time for features like video-conferencing, but the resolution of the new iPad’s display will be similar to the first iPad, they said.

The report also claims the device will work with AT&T and Verizon 3G out of the box, but will not support Sprint and T-Mobile networks. The report says the iPad 2 is “in production” leaving no indication at a public release date. For those who don’t remember, the iPad 2’s front camera is expected to have a 0.3 megapixel resolution, which is common for video chatting cameras, and the back one will likely be close to 1 megapixel.

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