The digging into iOS 4.3 beta 2 continues, with the latest discovery a string that seems to indicate the iPad 2 may wind up with the same back-facing camera as the iPod touch -- which means 720p video recording may indeed be a reality.

9to5Mac is reporting that they’ve found evidence in the latest iOS 4.3 SDK that the next-generation iPad will not only have both front and rear cameras, but that they’ll likely be the same ones used in the current fourth-generation iPod touch. The rear camera will be “something close to a one megapixel camera,” which the website speculates will be the current 0.7 megapixel back camera used on the iPod touch.

“That means you’ll be able to take some unwieldy 720P video with your iPad (whether you’ll be able to view that 720P video natively is another question),” 9to5Mac notes. As for the front camera, it looks to also be the same as the iPhone 4 and current iPod touch, which means VGA for FaceTime and/or photos and video you want to include yourself in.

9to5Mac arrived at their conclusions because their sources have revealed that the internal codename for the iPad 2 is “K94” -- but interestingly, the SDK also refers to a “K95” in the same section, which the website speculates may be a 3G version of the iPad 2, or even a dual-band model capable of working on either AT&T or Verizon.

Coupled with this week’s leak of a screenshot which shows FaceTime, Camera and PhotoBooth apps on the iPad, we’d say there’s a pretty good chance that one or more cameras are coming to the iPad 2 -- although when that may be happening is still some subject for debate.

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(Image courtesy of 9to5Mac)