The iPad 2 rumor mill is in full production mode now, with the latest coming from Japanese Mac site MacOtakara.
According to the translation (unfortunately from Google Translate and not our very own Japan-based Rick Martin), Apple is planning on a short event toward the end of February during which the features and release date of the new device are to be announced.
Production of the new device is apparently on hold due to the Chinese New Year celebrations, which began on February 3rd and should end the morning of February 17th. The picture at right is from the site, although we have no idea if that's a touchs