No offense to Apple, but it comes off as one of those novelty sized iPhones. Kinda like when you have one of those giant pencils or pens. Now I just need a giant novelty finger to navigate it...
Personally, I'd rather save myself some cash and buy a Netbook. From what I heard, the iPad can't multitask, and that's just where it falls. One of the reasons people use Netbooks is that they're a cheap, portable way of typing documents, as well as using the internet. If I'm writing a research paper and I'm looking up info on the internet, I can just switch back and forth between the internet and my document. With this, if I understand correctly (I may not, correct me if so), I have to open up my browser, find my info, close it, open a document, put the info in, save the document, close it, open up the internet, repeat. A lot.
Seems like a better way to watch movies and maybe as one giant media player, but as a Netbook killer, I wouldn't say so.