As you’ve probably figured, right now is probably the worst possible time to buy any Apple product. In today’s version of the now daily major Apple rumor we have a rumored Apple press event date for next Wednesday, March 2nd for a very special announcement– the long-awaited iPad 2. This rumor comes from a pretty powerful and well-connected source– the Wall Street Journal’s All Things D blog– so we’re very inclined to believe its got some truth to it.

Just as a quick recap on what to expect in the iPad 2. The rumors here are that it will have: 2 cameras– one on the back and a second on the front for FaceTime video chat, faster processor and more RAM for speed (to keep up with the very fast Android tablets on the way), SD card slot built-in (this is huge considering the first iPad needed you to buy a separate $30 piece for this), higher-res screen (debate on whether it will match the iPhone 4′s Retina Display, but regardless it should be much better), better speaker (much-needed if you ask us– the first iPad’s speaker was decent but could use a lot of improvement), thinner design, and even possibly a USB type port in addition to the usual Apple USB connector.

Again, these are all only just rumors for now– but all should be revealed soon enough. And make sure to check back here next week where we’ll have everything you need to know about whatever Apple decides to announce.

UPDATE: And it’s officially an iPad event as you can see from the official invite above. Make sure to check back here next week for all the info on what goes down.