What it is and what it isn't was more clearly defined.

It is an audio and video playback machine, but not one for two way communication - presumably you have a phone for audio and a pc for video conferencing. Leaving them out defines the unit more crisply.
Multitasking wasn't mentioned. It exists in the OS, but will it be too burdensome? Is it really necessary on this class of machine?
This is Flash-less web browsing. Flash has been problematic on OS X with Apple and others moving more towards html5 and h.264. This will take a few years, but I suspect a lot of web designers got the message when Jobs visited a flash site and the no plugin icon came up. A big message to mobile developers is that Flash may be the wrong path.
I want to play with one, but the $500 base price is certainly attractive. Based on my AT&T experience I don't think I'd be tempted by their wireless plans, but that is unlocked and perhaps other providers will offer better value. It would be nice to have a machine for writing under the trees in nice weather.
I'm curious to see how it will interact with iPhones. The both have blue tooth. It would be neat to be able to have my iPhone in my pocket and deal with sms messages on the iPad - or perhaps edit photos or video shot with the iPhone. There is a lot of potential.
I suspect next year's model will be vastly improved, but will we buy one this year? hmmm
Apps will be interesting. I've had a couple of emails from developers I know who have neat project ideas that don't make sense on a Touch/iPhone or a PC, but might be perfect on this. I'm going to guess there will be at least 10,000 iPad specific apps (not modified iPhone apps), within a year. There are also going to be a number of drawing/art apps. The screen size and mobility opens up interesting areas.
The price was a big surprise.
I would hate to be involved with an eBook manufacturer at this point.
snake oil!
Bjarne notes a lecture by James Randi on homeopathy... It is difficult to believe that people fall for such lunacy.
highly recommended!
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