The gadget revolution that never quite was might get another chance early next year.

Apple’s second generation iPad may feature a front facing camera and Qualcomm-manufactured chips that allow it to function on global wireless networks, analysts are reporting. The updated product will likely hit stores in February 2011.

According to Wedge Partners analyst Brian Blair, Apple is looking to outfit the next batch of the much-discussed tablet PC with chips capable of working on both GSM- and CDMA-based networks, lending the iPad internet functionality anywhere in the world.

Additionally, Blair told tech blog AllThingsD that the new iPad will likely feature a number of design changes, including a thinner, unibody build, similar to the company’s Macbook product line.