"Books, videos, music, sports, photos, surfing - YES"3.5 starson by smacryan
Pros: Book reading - IBooks, Kindle for iPad (no Kindle needed), B&N Reader (no nook)
Video streaming - ABC, Hulu, iTunes; no cable box in my bedroom now
Sports companion (at Bat, NBA, Sportacular, etc.) - so cool to use at a game
Travel Companion -
Cons: No video camera - this would be a great personal videoconferencing platform.
Summary: This will prove to be the best ebook reader, video player, sports watching companion, and travel companion, that has been developed so far. I will take this to a baseball game and use AtBat. I would never take a laptop.
If you need something to do spreadsheets, presentations, and documents, then use your laptop or desktop. If you want something less geeky than a laptop to take with you "out and about", then get an iPad.