Here's an action shot of passengers stepping off a local train. Aside from the blurred object passing by on the left, the iPad 2 does a respectable job capturing subjects in motion. The colors, again, are flat.
It's also worth noting that the iPad's shutter is faster and more responsive than the one in the Motorola Xoom tablet we tested it against. The Xoom offers higher resolution, camera flash, and several options for image exposure and color settings, but it's not as quick on the draw as the iPad 2.