No, it's not an iPad 3 rumor. Rather, some innovative people from the Engineering Human-Computer Interaction Research Group have rigged the 2D display of the Apple iPad 2 for a glasses-free 3D perspective.
Using a feed from the front-facing camera coupled with some clever software hacks, the group was able to create what it calls the Head-Coupled Perspective (HCP).
"It is based on [an] efficient head-tracker that uses the front-facing camera of the device," said a description on the group's Web site. "We use an off-axis projection in order to adapt the perspective of the 3D scene according to the head's position of the user. Such spatially-aware mobile display [is able] to improve the possibilities of interaction."