Apple on Wednesday, Feb 23, 2011 (US time) sent out an invitation to a March 2nd event in San Francisco, CA, USA. The tagline reads
Come see what 2011 will be the year of.
With graphics on the invitation implying the event will have something to do with the iPad. Therefore it is very lightly Apple will be announcing/revealing the next generation iPad (aka. iPad 2G) on March 2, 2011.
If past history is taken into account, the iPad 2G will most likely be announced and shown off at the March 2nd event, but will not be available for sale weeks afterwards. Most likely months afterwards before it officially arrives in Hong Kong.
World Times for Apple's Event on March 2nd: 08:00 - Hawaii Time 10:00 - US Pacific Time 11:00 - US Mountain Time 12:00 - US Central Time 13:00 - USD Eastern Time 18:00 - London Time 19:00 - Paris Time 23:30 - Mumbai Time 02:00 - Hong Kong Time (March 3rd) 05:00 - Sydney Time (March 3rd)