Apple has confirmed yesterday to a US-based online website that it is aware that some iPad 2 owners that are on Verizon have been hit by a problem that requires them to reboot their devices to re-enable 3G after turning it off.
Ina Fried of All Things Digital has been told that "We are aware that a small number of iPad 2 customers have experienced connectivity issues with the Verizon 3G network and we are investigating it".
Apple is apparently working on an update that will be available in the next update to the iOS platform. Interestingly, neither Wi-Fi only models nor those on AT&T have been affected by the issue.

The only difference between AT&T and Verizon's iPad is the presence of different baseband modules inside each tablet. AT&T's iPad 2 uses Intel's Infineon GSM solution while Verizon's iPad 2 runs on Qualcomm's solution.
Could this be the key to the problem given that the loss of connectivity is independent of other factors such as storage capacity and of colour.
There are already eight pages devoted to the issue on Apple's forums here and there are reports that users in Australia are also encountering the same problem.

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