So the event invites are out, and Apple is indeed holding a launch event on March 7 in San Fransico, as the two rumors which we broke today about the shipping of iPads as well as the price cut as Best Buy, both were well times and now the launch invites being just received by the press all over the world !

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┬ádata connectivity along with the Apple’s signature Retina┬ádisplay. 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$.