The latest round of iPad 2 rumors may confirm the worst for fans of Apple's Retina Display.

A report by Concord Securities Analyst Ming-Chi Kuo says that the next iteration in the iPad won't feature the high-resolution display currently available on the iPhone 4. Instead the iPad 2 will feature the same, albeit slightly slimmer, display included in the current iPad. The screen of the new device will be less reflective, the report says, allowing for greater ease of use outside.

But what iPad 2 will lack in upgraded displays will be made up for in embedded cameras. Whereas the current iPad doesn't feature a camera, the report details that iPad 2 will include a pair of them, one front-facing and one in the rear. The front-facing one is geared to applications such Photo Booth and Facetime, similar to that of the iPhone 4. The second camera would be more suited to augmented realty-enabled apps.

The iPad 2, the report says, will also feature a number of hardware improvements, including a 1.2 GHz Cortex A9 dual core processor. Dual core processors carry the advantage of extending a device's battery life, and the inclusion of one in a tablet would make sense.

The report anticipates that 4.5 to 5 million of the devices would be available during the first quarter of this year. By contrast, Apple sold 3.7 units of its first iPad in the first quarter of its launch.

Apple did not return calls for comment.