The next generation Apple iPad (3) is out now, and here is a funny but very correct take on the situation by "Funny or Die" - Video after the jump.

Apple is expected to reveal the all new iPad 3 coming March 7th event, while speculations and anticipations are high about the new offering with some excellent and futuristic iPad 3 Concepts - here is something on the lighter side with some impressive "magic effects".

Full video after the jump.

Apple ended the rumor-mill and disappointed their fans when they unveiled the Apple iPhone 4S giving the much anticipated iPhone 5 a miss, the rumors are once again hot after iLounge reported according to their most reliable source that the next generation iPad 3, iPhone (probably iPhone 5) and Macbook Pro will be redesigned.

According to iLounge :

(1) The third-generation iPad will become modestly thicker (0.7mm) in order to accommodate the twin light bar system needed for its higher-resolution display. It’s currently on track for a March timeframe release, and according to our source could be publicly shown as early as January, depending on conditions.

(2) Our source says that the next-generation iPhone will not look like the teardrop-shaped version that was widely rumored for release in 2011. We’ve been told that the device will have a 4-inch display and will be 8mm longer than before, with a metal casing (probably aluminum). It is on track to be introduced in summer of 2012, and is still in the engineering phase, not early production. We suspect that poor battery life doomed the prior prototype version, and that this one is being built with LTE-ready battery drain in mind.

(3) Barring some huge and unexpected issue, 2012 will be the year when the MacBook Pro line gets its new design. Think thinner.

Lets hope Apple does something really exciting this time and not their usual "cult marketing gimmick" - http://www.megaleecher.net/Funny_Video_On_iPad_2_By_Conan_O_Brien.