Pretty cheap price for Applecare since the retail is $99.
Works with new iPad and iPad 2 as long as they are in the standard 12 month apple warranty.
Every iPad comes with complimentary telephone technical support for 90 days from your iPad purchase and a one-year limited warranty.
With the AppleCare Protection Plan, you can extend your service coverage to two years from the iPad purchase date.
Of course you should ask if you actually need this service, given upgraded consumer laws, ACCC advice on warranties, and a lawsuit against Apple over this overseas.
http://www.gizmodo.com.au/2011/05/ask-lh-do-warranty-laws-me…