Several rumors are pointing to the next generation iPad as a slight redesign of the original iPad, with tapered edges, flat back, bigger speaker and front / rear facing cameras. According to 9to5mac, which has done further digging into the latest iOS 4.3 SDK, the iPad 2 will have a 1 MP rear camera capable of shooting photos and videos, and a VGA front-facing one for FaceTime and other camera functionalities.

We’ve done some digging in the latest SDK 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 megapixel camera. 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).

The aforementioned SDK files reference to this device carrying a 1 MP camera as K94 and K95; the site speculates these codenames might refer to the next generation iPad. The current one, for instance, has codename K48. Multiple codenames for the iPad 2 might suggest that different versions are in the works, like iPad WiFi, CDMA and GSM. Other references found in iOS 4.3 beta seem to suggest the same thing.

A 1-megapixel camera on the iPad 2 would be significantly lower than the one found on the iPhone 4; we also have some doubts on the actual photo quality that would result from such a camera lens, which will have to display pictures on a 10-inch screen. Previous rumors indicated Largan Precision as the supplier of camera lenses for the next iPad, and a report in November also confirmed Largan was set to ship “5-megapixel lens modules for tablet PCs”.