Australian Apple fans who've already bought themselves a new iPad are being offered their money back, over complaints that Apple advertised the device misleading as being 4G capable. Because it can't connect to Australia's current 4G network.
The Australian Competition and Consumer Commission said: "Apple's recent promotion of the new 'iPad with wi-fi + 4G' is misleading because it represents to Australian consumers that the product can, with a sim card, connect to a 4G mobile data network in Australia, when this is not the case."
It's exactly the same here. The UK Apple store is currently advertising its "New" iPad as being Wi-Fi plus 4G enabled, which is also clearly a little misleading as, bar the odd technical test location, the UK isn't exactly what you'd call a 4G hotspot at the moment.
So yes, it technically is 4G and can do 4G. But you won't be able to use it.
Apple's excuse is that the New iPad works "globally" on the majority of 4G networks, so you could conceivably be an aspirational globetrotting sort of person who's always heading over to San Francisco for brunch meetings with your US counterparts, and would therefore be able to use 4G at some point. [BBC]