The second generation iPad is rumored to be announced by Apple on March 2nd at an event in San Francisco but there has still been no word on when it will ship.

Sources have told us that the second generation iPad will be announced in the next 7-14 days (backs up the rumored March 2nd date) and will be available towards the end of March. This fits with Apple’s usual annual announce/update for iOS products.

The new iPad is rumored to include a front-facing video camera for FaceTime video chat in addition to a rear-facing camera for FaceTime and taking both pictures and video. This rear camera may be one megapixel and will shoot video in full 720p HD. The new iPad is also rumored to include a faster processor, more RAM, and adopt and thinner and lighter design.