The new iPad gets a dual core A5 processor which has 2 times faster output and 9 times better graphical output, it also gets video camera. iPad 2 gets even thinner than iphone 4 at 8.3 mm (from current 13.4 mm) thin. The new iPad is also weighs 30% less from the original one.
The iPad 2 is priced exactly same as the original and extracts 10 hrs battery life out the device and a month of standby. Apple also introduced a splitter cable allowing HDMI output while charging the iPad all at the sametime.
Also on the show was a cover launched for the iPad2 which can be folded and used like a stand and protects/cleans the screen.