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Victor Ganata
For now, it's the original iPad, the iPad 2, and the new iPad, which seems straightforward. When the next iteration comes out, it'll get confusing.
Of course, by then, they may not even be making iPads anymore. - Victor Ganata
They seem to be using the price point to make it a high end, low end, medium end, etc rather than give it new names. - Todd Hoff
Even then, there's the 16GB version, the 32GB version, and the 64GB version, for each of those iterations. So if they don't decide to fuse desktops, notebooks, and tablets in the next iteration or go with Minority Report-style physical interfaces, maybe it'll be the iPad Air, the iPad, and the iPad Pro? :D - Victor Ganata
I guess behind the scenes, it'll be 1st gen, 2nd gen, 3rd gen. I'll still call it iPad 3. - Rodfather