iLounge’s contest for the upcoming iPad 2 Buyers’ Guide—Design The iPad 3 + iPad mini—is entering its second week, with $2,800 in prizes up for grabs. Entries have already started to arrive, and we’re excited to see more!

In the contest, we’re asking you to create a brand-new artistic rendition of what Apple’s future iPads should look like, including the on-screen interface. We’ll be selecting winners based on both the plausibility and cool factor of their designs, including how the devices’ interfaces might deal with a smaller screen size or increase in resolution. Three winners each will be selected for the iPad 3 and iPad mini categories; two Grand Prize winners will receive Bowers & Wilkins Zeppelin Air systems, two First Runners Up will receive Bowers & Wilkins MM-1 Speakers, and two Second Runners Up will receive Zeppelin Mini systems. The contest begins today and ends on May 26, 2011 at 11:59PM Pacific Time; winners will be announced in the iPad 2 Buyers’ Guide on June 1, 2011. You can submit your entry here. Good luck!