Here are some of the new features in iPad 2:
1) New iPad design makes it 33% thinner
2) Dual webcams on iPad 2. - The rear-facing camera features a 720p HD resolution, and the front-facing camera features VGA resolution.
3) Faster Processors - dual-core A5 CPU processing power is said to be twice as fast as the first iPad's A4 processor
4) Carrier options for 3G + WiFi now are available for AT&T or Verizon.
5) Color options now include black and white iPads.
6) HDMI output - iPad 2 can now connect to high definition displays via a HDMI-out cable. So you can transfer video (up to 1080p) from your iPad to your HDTV and will also charge the iPad while in use.
7) Software in iPad 2 runs iOS 4.3
8) 3-Axis Gyroscope allows the iPad 2 to take advantage of more games and apps.
9) New Apps like iMovie and Garage Band designed specifically for iPad 2.
10) Battery Life is still has the same 10-hour battery life (and up to a month on standby).
11) New magnetic smart cases for iPad 2 put the iPad to sleep when closed and wake the iPad when opened.