iPad 3 delayed to 2012 because of display issues?

There have been plenty of iPad 3 rumors ever since the launch of the iPad 2, and we guess it’s only natural that people are already looking at what the iPad 3 will bring to the table. The rumors have also suggested an iPad 3 launch this year, barely less than a year after the launch of the iPad 2.

I’ve mentioned how unlikely this would be as launching iPad 3 barely a year after the iPad 2 will definitely cause a lot of fans to be unhappy. Well the rumors are now saying that the iPad 3 has been cancelled for a 2011 release and has been pushed to 2012. This is apparently due to some issues with the rumored 2048×1536 resolution which has not met Apple’s standards.

What do you guys think? Did the original 2011 iPad 3 rumor have any merit at all? Or perhaps this is just a more elegant way for the original rumor to be retracted?