As we all knows the next generation iPad has been released by Apple today. The new iPad brings a lot of new features and hardware changes including A5X: Dual-Core CPU & Quad-Core GPU, Retina Display, Improved Optics and thin at 9.4mm. iPhoto app is a new addition in new iPad to enhance the experience of Retina Display in new iPad. 
iPhoto for iPad is available for 4,99$ and can be download from Apple App Store. Download iPhoto For iPad From Apple App Store
Here’s a tutorial on how to install iPhoto app on iPad 1 ! Yes it is possible and it works perfectly fine. http://bit.ly/yFODTJ