The Apple iPad has been announced overnight by Jobsie. Here are some of the specifications on the new device which seems to be a bigger iPhone without phone support;

9.7" screen with 1024x768 resolution

1Ghz Apple designed CPU

Up to 10 hours of battery life

iTunes App Store support

No multi-tasking

16/32/64Gb sizes

Bluetooth (assuming same limitations as iPhone)

802.11n Wifi

Optional 3G model (for data only - no phone support)

Engadget write up
Gizmodo write up

Prices starting from US$499 for the 16Gb non-3G model.