Apple may launch the most anticipated iPad 3 on the very date in an event bundled along with the much awaited iOS 5.1. The rumor is that the device will ship with a Quad-Core A6 processor and 4G-LTE data connectivity along with the Apple’s signature Retina display. The new iOS 5.1 consists of patched up jailbreak exploits in iOS 5.0.1 which may again give the jailbreak developers a hard time and sleepless nights. Also the new iOS will feature “Siri Dictation” only to the iPad. The new iPad is expected to be under the cost range of 400$.