So, not insignificant improvements in just about all aspects of the devices hardware, retailing for the same price or pretty close to the current retail price of the iPad 2 and it's a money making racket? I don't follow. And to boot cheaper than most of its competitors....
In addition to the enhancements already mentioned it has double the ram and 70% greater battery capacity than the iPad2.
So add retina display, 4G, 5mp camera, voice dictation, enhanced cpu, quad core gpu and still maintain 9-10 hours of battery usage on a single charge (same as the iPad2).
The overall size and weight of the device has only increased marginally and the selling price is uber competitive.
I'm sorry but I don't see how that cannot be considered innovative?
Perhaps we were expecting inductive charging and holographic heads up display?? Perhaps we have become spoiled with unreasonable expectations of how our devices should perform.