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.
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.
See the leaked iPad 5 front panel photos on the french site NoWhereElse.