The biggest surprise at today’s Apple iPad 2 event was the fact that Steve Jobs was there to present it. Jobs walked out to a thunderous standing ovation and stated, “We’ve been working on this product for awhile, and I didn’t want to miss it.”

The iPad 2 is very much a video device. The resolution is the same, the price is the same and the battery life is the same. The new feature is a front and back facing camera which was not available on the original iPad.

The new device can also wirelessly stream video from any app to an Apple TV device (and vice versa), which makes the iPad an even more powerful convergence device than Apple TV.

Additionally, iMovie is now available on the iPad 2, and is specially designed to make it easy to edit videos on a tablet format. Facetime, which has been available since the launch of the iPhone 4, is now available on the iPad 2, too, and can perform videoconferencing between both iPhone and iPad 4 devices. Garageband for the new iPad will allow you to plug in instruments, add effects and record up to 8 tracks.

The device itself is 1/3 thinner, available in white  — they promise white will be available on day one (remember when the promised white iPhone never surfaced?) — and boasts a much faster 1 ghz A5 dual core processor. Apple claims the CPU is twice as fast and graphics are nine times faster and with all of that the battery life is still miraculously the same.