In a press conference today, Apple introduced the “new iPad.” The third generation device has a number of new features that make it a device to create on, versus just a device to consume on. CNET quoted Apple’s SVP Philip Schiller as saying, “Don’t let anyone tell you that you can’t create on an iPad.”

For example, the iPad comes with a 5 megapixel camera that can shoot photos and high def videos and there are apps for editing these photos and videos directly on the device.

The device is also faster than earlier versions and has a much high resolution than earlier generations. It has a retina display with 2048 x 1536 pixels that supports quad core graphics. It has a new A5X chip which helps it run faster and it runs on the 4G LTE network. The new iPad is 1.4mm thin and weighs 1.4lbs and costs $499. You can preorder today and the devices will ship on 3/16.

For more details, check out our live blog from today’s press conference.