If your luck and sense of timing are such that you went and bought an iPad shortly before Apple announced the iPad 2 is on the verge of hitting shelves, Apple wants to hand you $100 in pity cash you can use to mop up your tears.

GigaOM and other sites report those who purchased the iPad in the two weeks before the sequel was announced Wednesday can receive $100 back. The refund places the out-of-pocket cost in line with the $100 price cuts the iPad models received after the new one was announced.

Do you think the length of the two-week refund period is appropriate?

Get a $100 Refund on Recent iPad Purchases [GigaOM via Forbes]

Want more consumer news? Visit our parent organization, Consumer Reports, for the latest on scams, recalls, and other consumer issues.