Wait for version 4, but...
Generation 2 is probably not going to solve the "problem", since the issue is not really due to the screen, but to how Safari is hinting at the text at a reduced size. Either scale the text up closer to actual size, or more easily view to read in landscape mode. Head to your Apple store and see for yourself.
This is a non-issue.
I agree completely. My dissatisfaction was solely with text - particularly text on web pages and not necessarily iBooks. But seeing as I was using the iPad for 90% reading, and 90% of that was reading web pages, I decided to wait for generation 2.
Generation 2 is probably not going to solve the "problem", since the issue is not really due to the screen, but to how Safari is hinting at the text at a reduced size. Either scale the text up closer to actual size, or more easily view to read in landscape mode. Head to your Apple store and see for yourself.
This is a non-issue.