But so does a netbook? Just without the touch screen. You're forking out a chunk of money for something that a netbook will do better and will be cheaper to boot. As far as I know, apart from the touch screen etc., there isn't one thing you can do on the iPad that you can't on the netbook, but the reverse is very very true.
For something completely reliant on the internet, no webcam? I doubt i'm the only person who actually uses one to talk to people. And no USB ports? I know there's a lot of stuff online these days, but USB ports are pretty damn essential still. Not asking for a whole host of them, but at least 1?
I agree it does everything it says it does, but I just don't get the point in spending more on something that does less. Touchscreen isn't that worth it for me.