If you are one of those Apple fans waiting desperately to own the company's new iPad, you can definitely bet on March 7 for the grand release.

iMore, formerly known as Tipb, reported, citing sources who have been reliable in the past, that Apple was planning to hold their iPad 3 announcement on Wednesday, March 7, 2012.

The iMore report also claimed that the third generation iPad would feature a 2048x1536 Retina display as well as a quad-core A6 processor and possibly 4G LTE networking.

The March 7 release date for the highly anticipated tablet matches with an earlier report by AllThingsD last week, which suggested that the next iPad event has been scheduled for the first week of March.

As 9to5mac notes, iMore provided correct iPhone 4S launch and feature information. Therefore, there is enough ground to consider this revelation seriously.

According to iMore, it has been a lingering question whether Apple would improvise the current dual-core ARM Cortex A9 processor, or go quad-core with the new iPad. While earlier reports from 9to5mac told about finding code references to quad-core, The Verge reported lesser chance of Apple opting for quad-core so early.

But now it sounds like they're going quad-core, iMore said.

However, the site seemed least certain about inclusion of 4G LTE in the iPad 3:

4G LTE networking has been another mystery surrounding the iPad 3, with a compatible Qualcomm chipset becoming available, but international LTE coverage is still slim, and in some cases a year or more away. It sounds like Apple has 4G LTE lined up for iPhone 5 this October, but we're still not certain if the iPad 3 will get it earlier.

The iMore report also seemed quite certain about a thin form factor for iPad 3, but admitted lesser information on what type of camera will be incorporated in the device.

According to other rumors from iLounge, iPad 3 will feature better cameras, either a 5 or 8 megapixel rear camera and a FaceTime HD front camera.

We haven't received any information on these, though any camera Apple includes will have to fit into the thin iPad 3 casing, said the report.