New Photos of alleged iPad 5 parts show a thinner bezel.
The iPad 5 is rumored to be already in production. I am not convinced that Apple will release the new iPad 5 before fall, but maybe Apple has a different plan. Today photos from China appeared that show the alleged front panel of the iPad 5.
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The frame has indeed smaller side bezels supporting rumors that the new iPad will be smaller. So far iPad 5 rumors said that Apple will change the backside as well. Obviously the performance of the iPad 5 will be improving. The resolution will likely stay the same. If Apple will also offer the new iPad in multiple colors remains to be seen.
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See the leaked iPad 5 front panel photos on the french site NoWhereElse.