I strongly believe in the value of the high-resolution Retina display. The visual improvement over iPad 2 is visceral and significant, and a great reason in itself to buy a new iPad. Overall, the new iPad is the best tablet on the market today.

Nevertheless, the iPad 2 is a strong lower-cost choice. In a few months it may start to feel underpowered, but by then the rumor mill will be talking up the even better 2013 iPad refresh. And with the $100 you saved, you might be in a better position to afford the new model.