I wasn't sure if this was going to work, but since it was cheap, it was worth taking a chance and I ordered a few cables which I got today.
After testing them out real quick, I am pleased to report that it works! heh
It's real simple and real cheap.
You buy 2 of those Midi > USB cables that can be found online many places. I got mine from Amazon, $5 each.
You buy 1 or 2 of those Female MIDI to Female MIDI Connectors. I got mine from Amazon, about $4. If you want both Midi in & out, then you need 2, if you only need in or out, then 1 is sufficient.
You connect the 2 Midi> USB cables together, using the Female MIDI to Female MIDI connector in the middle.
You plug one end into your computer and you plug the other end into your iPad with the camera connection kit. No drivers needed, no USB hubs needed. It's instantly recognized by both my Mac and my iPad.
I fired up a Yamaha arpeggio/drum/keyboard app on the iPad and I was controlling Logic perfectly recording awesome arpeggios within seconds.
So, if anybody is looking for a real cheap MIDI solution for iPad that works, then I thought that I would pass on what I found out.