That's what it looks like.
Using Real Racing 2 on the iPad 2 it is able to run at native 1080p resolution with 30fps.

Will tablets next year be more powerful than current gen consoles?
Next generation shouldn't be that far away...

I love that game... but they already released Flight Control HD on the PS3....

I think it safe to say that the IPad 2 is more powerfull then the Wii... I expect 2 more years before the tablets and phone are up to 360 and PS3 power..

Go the Melbourne Dev!

That isn't console gaming but thats an awesome thing having the ipad hooked up to the TV and have you console using that. 

Love flight control awesome game. 

OH yeah, forgot about the PSN title, 3D and HD with move.

I think next year it can be done, they'll be releasing end of the year the new quad-core's which are said to be x5 the power current chips, while next year they will be doble that.

http://blogs.nvidia.com/2011/02/tegra-roadmap-revealed-next-chip-worlds-first-quadcore-mobile-processor/

They already have the Gran Turismo bumper cars style down cold. Look out, Sony!