The guide MJC linked is an excellent reference for product cycle releases. The only thing I'd advise you to do is wait only if you prefer a smaller iPad. The mini may be released in October.
Assuming the next full-size iPad is releasing March 2013, I would wait for it IF you are already waiting until Christmas to get an iPad. That's only a 3 month difference. Now if you were buying today, I would say go for the current gen model.
The real advantage of waiting would be that in my opinion the ipad 4 will be the real retina ipad. The current one makes too many sacrifices like gaming performance is disappointing, battery takes forever to charge, does not charge doing something resource intensive and gets hot as hell.
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