With Apple’s iPad 2 event officially kicking off next week, the folks over at Engadget have been tipped additional details regarding the event.

According to Engadget, not only will Apple announce the iPad 2, it will also preview iOS 5 at the media event, which will be held Wednesday, March 2nd, at the famous Yerba Buena Center for the Arts in San Francisco…

It’s also almost guaranteed that we’ll see the next version of iOS (number 5 in all likelihood, along with its SDK for devs), and an expansion of Apple’s cloud services (that part is a little… foggy right now). Of course, that will perfectly set up Apple’s announcement of the iPhone 5 in June, which is when iPad owners can likely expect to be using the new software. Regardless, we’ll have the goods come next week, so stay tuned!

Although there has not been any word on what features iOS 5 packs, it is very likely that it will bring a newer, revamped notification system.

As far as the iPad 2 goes, Engadget claims that the second-generation iPad will receive a spec bump, with the inclusion of a more powerful Apple A5 processor and 512MB of RAM, along with a thinner design and a front facing camera. According to Engadget, the resolution and screen size on the iPad 2 will remain the same as the original iPad.

We’re hearing it’s most likely a thinner, spec-bumped variation of the original iPad with a screen size and resolution identical to the current model. More RAM (512MB) and a more powerful CPU (the A5) are expected as well. It’s also a pretty safe bet the tablet will be sporting at least one camera up front — though if some of those case mockups we’ve seen tell us anything, expect a shooter around back too.

Since little is known about iOS 5, what are some must-have features you would like? Let us know in the comments!