If you haven’t already heard, the next generation iPad aka the iPad 2 was just announced today and looks to be everything the first generation was not.

It’s coming out much sooner than expected, with a March 11th ship and in store date. Hopefully, like the first generation, it won’t be limited to Apple stores, but will show up at Best Buy and others on the same day.

As expected it has a faster processor, which most users won’t notice immediately, but will if you do any sort of multitasking (or at least what Apple considers multitasking).

The new iPad will be running an upgraded iOS 4.3, which only has a few upgrades, not worth mentioning.

Some of the cooler features make it slimmer by 33%, and quite a bit lighter. I have to admit, while laying on the couch, the old one did get a bit heavy after 20 minutes or so of holding it in the air, so consider this one a plus. It will also feature a larger more powerful speaker so you can blow the socks off your clients while giving them a listing presentation!

As seen in the photo on the right, the new iPad has a screen cover. It will be magnetic clamped to the iPad and bring your iPad out of sleep when opened, and back to sleep when closed. I have to admit, I like this feature. I wouldn’t necessarily choose pink, but I have an original iPad with an Apple case, and while it does a good job of protecting the tablet and it’s super low profile, it loses some of cool or wow factor with the case on. I’m hoping this maintains that.

After reading above, you may be thinking: “So not much has changed, why should I buy one?” Because this one has cameras! This was the one major feature lacking in the first generation model, and with video being the biggest hype in real estate and elsewhere, the newest model delivers!

The iPad 2 features a front facing camera for video chat like Skype, and the rear camera takes 720P HD video. I don’t envision many real estate agents using this for much photography, but it could be useful for still video recording, as the new iPad will have the ability to download iMovie for the iPad, Apple’s fantastic video editor.

So don’t wait, go get in line at your nearest retailer…probably now :) Video is the future of real estate, and the future is now! This “magical” little device will make it that much easier to deliver mind blowing presentations and communicate via video with clients. I envision our industry changing to accommodate showing buyers homes while they sit on their living room couch, and then doing a walk-thru of their top three choices.