The Wall Street Journal reports that the next-gen iPad has already entered the production stage, and that it will be thinner, lighter and faster than the current iPad and with no Retina Display to go with it.

The new iPad will be thinner and lighter than the first model, these people said. It will have at least one camera on the front of the device for features like video-conferencing, but the resolution of the display will be similar to the first iPad, these people said. It will also have more memory and a more powerful graphics processor.

Also, according to the “people familiar with the matter", the iPad 2 will come in both GSM and CDMA flavors, and it will be initially available through AT&T and Verizon Wireless only.

The new iPad will initially be available through Verizon Wireless and AT&T Inc., but not Sprint Nextel Corp. or T-Mobile USA in the U.S., according to some of the people familiar with the matter.