As like any other Apple products, the iPad 2 too is a well finished product.
Its highly reliable- I don’t have to worry about it freezing up or data being corrupted. The processor, RAM are ample.
When it bought it it had iOS5 installed, I upgraded it to iOS6. The only glitch is it does not include Siri.
Also, don’t expect any word processors to be included. You can of course buy them from the iStore.
Overall, Good solid product. I also have Samsung Tablet but I prefer my iPad. Android has been unreliable.