The third generation iPad is slated for release this March according to Digitimes which have a history of sceptical rumours. The only reason we are giving this report some weight is that John Gruber from Daring Fireball has apparently endorsed the claims and he has a very accurate track record of predicting Apple rumours. He responds to Digitimes report on his blog:

"....Apple will ship the so-called “iPad 3” with a full HD display in March"

"Wait a minute. What’s going on here? A DigiTimes report about Apple and the iPad that’s completely accurate? No completely made-up nonsense? Is something wrong with me?"

The March release would be consistent with their release cycle from 2011. Digtimes also suggested that Apple may release an iPad 4 around Oct although this is highly unlikely.