My prediction:
The 2nd gen iPad will come out in late March 2011 and will include the front/rear cameras to support FaceTime. The price points, memory capacities, and everything else will remain the same without improvements as the US dollar continues to weaken against the currencies of the countries where the materials and labor are sourced.
It just might be possible that the new model will have an SD card slot.
Owners of the 1st gen iPad will be eventually screwed on support just as were the owners of 1st gen iPod Touch models. Actually, pretty much the same can be said for anyone who has purchased 1st gen Apple hardware.