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My iPad 1 is over a year old and still running everything.
I imported an iPad 2 at the beginning of the year but sold it (at a profit) mostly because of the lack of Jailbreak back then. So I guess it will totally depend on you, if you want to pay the extra $$$ for a better looking device thats a bit snappier.
In my case it was not as I dont spend so much time on it.
Runs everything you say? so it can do flash? How did you manage that?