IPad 3rd gen 32GB or 4th gen 16GB?

I'm in a dilemma.
My budget gives me a choice between the iPad 3rd gen 32GB or the  4th gen 16GB model. Both are Wi-Fi only, which is fine for me.
What would people recommend? Should I go for the faster CPU or the bigger storage?
Until it was recently stolen I had a 16GB iPad 2, and while I wouldn't say I had loads of space, I got by with it just fine. But I'm guessing these newer models will need more storage.
Any thoughts/suggestions/opinions welcome.
R

iPad 2 vs iPad 3 vs iPad 4: Which Is the Best Buy?
http://ipad.about.com/od/Tablet_Computers_eReaders/a/iPad-2-Vs-iPad-3-Which-Is-T he-Better-Buy.htm
http://www.techradar.com/news/mobile-computing/tablets/ipad-4-more-than-twice-as -fast-as-ipad-3-benchmarks-reveal-1108743
http://www.digitaltrends.com/mobile/ipad-3-vs-ipad-4/
Where are you going to buy an iPad 3? Apple doesn't sell them anymore. Buy a refurbished 32GB iPad 4 at Apple's on-line store. A refurb is cheaper than the new one, but has a new screen, back and battery and the same 1 year warranty.
 Cheers, Tom

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