Bloomberg reports that a reliable source has told them that the iPad 3 will be released in March. The iPad will also have the rumored HD (retina?) display. They also report that both the iPad 3 and the iPhone 5 will be equipped with 4G LTE. It's also expected that they'll have quad core processors.
They point out that the iPad 3 could have LTE before the iPhone because the iPad has a much bigger battery. It could stand the strain of the 4G chipset. One of the biggest drawbacks of 4G LTE right now is that it drains the batteries of the phones it's on. Right now, it's almost better to go without 4G on a phone due to the limited availability of 4G. Still, that's going to change in the future, and with the massive battery life on the iPad, it's a good start for Apple.
If the iPad is to be released in March, expect Apple to reveal it later this month. Also, expect many Apple rumors in the near future.
via iPhone Life
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