9to5Mac have been doing some serious digging around in the latest iOS SDK, and they continue to find some solid evidence of iPad 2 features and hardware specs. One of the latest is details on the front and rear camera specs for the iPad 2, which look very much like what the 4th gen iPod Touch has – with a VGA front-facing camera and low-res rear-facing camera:
We've done some digging in the latest SDK and it looks like Apple's much rumored second-generation iPad will not feature some fancy 5 megapixel camera, but will instead shoot your flicks and take your pics with something close to a 1 megapixels. That's awfully close to the fourth-generation iPod touch's 0.7 megapixel back camera so we speculate they could be the same thing. That means you'll be able to take some unwieldy 720P video with your iPad (whether you'll be able to view that 720P video natively is another question).
As for the front, it's VGA, just like the iPhone 4 and fourth-generation iPod touch. The front-facer for FaceTime and taking pictures of yourself will do video recording too, if you had any doubts.
Source: ipad.net