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I think that apple are going to prove themselves to be evil and that the iPad is no more innovative than the network activated lamp (easily done, just nobody else could be bothered going to the effort first), besides, the iPad is nothing more than an iPod you can't fit in your pocket.
putting that aside, I think that video in text will be a great thing, if you'll excuse the childish attachments to the usage, look at the "harry potter" series of movies, where the newspapers and scrolls contain a repeating video image to further increase the purpose of the image itself, video is nothing of not simply an enhanced still image.
I think a blending of any arts can only open a greater avenue for creativity.
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