I put it down as the same as computers: Get what you want now. If you wait for the next best thing, you will always be waiting.

They will update the iPad yearly, so why not get one and enjoy it?

Faster processor? huh..it's pretty fast now and I'm sure it'll get faster ones but I am fine with the speed now.

Better cameras? Well, all I use mine for is Facetime and the resolution is just fine. Who would ever take pictures/video with an iPad? Too bulky for that. That's what the iPhone is for.