should i wait for the second generation ipad?

ChadA

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or should i buy the first now £200 and a £25 a mont contract for 24months?
what will the second ipad have that this first won't & when will it be out?
if i did get the first ipad now on contract, when the new one comes out can i talk to 3 (networking company who offered the contract) and trade in the one i have now and buy the new one on the same contract?
 
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