Probably not
The only way the Apple tablet comes remotely close to being a Kindle killer is if somehow the screen can switch to e-ink mode and the battery lasts as long as a Kindle in reading mode and it is not overpriced.
Even then with the form factor reputed at 10", 11", it might kill the Kindle DX but not the regular Kindle/Nook/Sony.
I can get past having to charge the thing every night or two, but the easy on the eyes e-ink - that's the big distinguisher.
A backlit screen you can read with no light though. Perfect for reading in bed with the spousal unit asleep. You can't do that with a Kindle but a light contraption might work, but it has to be seamless.
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