question regarding ipad 3 replacement via warrentee.

I have a question, basically my ipad 3 is glitching. It is a 64gb ipad 3, I am fairly positive apple will replace it for me. Considering I purchased the two year warranty. However I am wondering, Will they replace it with a newer ipad model? Or will I simply get a refirbused used ipad 3. Considering that they took the ipad 3 off the market, I was wondering what the replacement would be.

-thanks in advance to anyone who is able to help.