Credentials? Let's see....
Computer science degree from Georgia Tech... Working on a masters in Cs from Drexel University... Specialized in computer hardware and computer graphics as an undergrad. Work in an r&d lab at a fortune 100 company... Published author of one programming book and tech editor of several others... Yeah I think I know a bit more about this stuff than the typical person on this site...
Now, that being said, YES I DO have an iPhone 4... Yea the display is nice compared to my older 3G... But.... Hold them both at 1-1.5 ft away from your face side by side and you won't see that much more sharpness. The reason for the retina display is to make things sharper because you are looking at a display only 6" from your face! You use the iPad 1-2 ft from your eyeballs. The drop off in sharpness isn't that noticeable at that distance...
Look at it this way... Take 3 tv sets... A 52" 1080P, a 32" 1080P and a 32" 720P... Set them all 10 ft away from your face... The 52" is going to look fuzzy because with the same resolution as the 32"1080P the pixels are like 75% larger. BUT, you can move that 52" set farther away and it will look just as sharp aa the 32".
Compare the 1080 and 720P sets at that distance and you probably won't notice much difference. Move in closer, and yes the 1080 will look better, it has higher pixel density at the same size display.
You guys are wanting a retina display on an iPad... That will cause the display to be something like 5200x3000... You don't even get that on high end computer monitors today. The higher the resolution the screen is, the larger the graphics files for bitmapped resources have to be, the bigger the frame buffer (both displayed and backing) have to be to address all those pixels, and the more pixels 3D routines have to calculate and draw to. That requires more RAM, faster CPU and GPU, and thus more power draw and heat.
Now, I could see apple maybe making MODEST improvements to the display... Maybe taking it up to 1280x1024 (or 1080 to get full HD even though the aspect ratio is a bit wrong). But something up to retina display density is just pointless and wasteful and neither needed nor cost effective.
Are you telling me that you get THAT much more eye strain reading on your iPad vs your iphone4??? Maybe you shouldn't be holding it so close to your face!