With an estimated 120,000 iPad pre-orders on the first day alone, it wasn’t surprising to learn that Apple has sold out iPad reservations online. In addition to that, customers that are just now pre-ordering a Wi-Fi iPad won’t get theirs shipped until April 12th. WiFi iPad Pre-orders taken before today is still on scheduled to ship out on the 3rd and 3G versions late April.

I think we can expect long lines at the Apple Stores for the iPad Launch.