My iPad 2 cetainly runs the latest version of the iOS slowly but, it does run it, except for features that require newer hardware.

The biggest problem is the that iPad two only has 16 Gig of storage and thus is has problems storing data. As a result it frequently must refresh the screen by downloading data it already downloaded, which, of course, slows things down even more.

So I use the iPad 2 for things like streaming music and sending text messages. it also make a good kitchen time and alarm clock. The battery still holds a good charge and I rarely have to recharge it before the end of the day.