Apple is at work on a fifth-generation iPad, but it's only expected to arrive in October, says iLounge. Some rumors have had Apple launching the tablet in March, which would keep it sync with past launch schedules, but also signal an extremely quick turnaround from the fourth-gen model. iLounge says it was given the chance to look at a physical model of the new iPad, which is believed to be "noticeably thinner" than the fourth-gen, and resemble a "stretched iPad mini."