The Ipad is THEORETICALLY overpriced compared to its competition, but at the moment, it doesn't have any competition outside of china.
On the other end of things, I can't help but to understand the views about apple. I just customized a 15" gaming laptop, and all the features I wanted came to about 1200 bucks. A friend told me it would be more versatile if I got a 15" macbook, and just bootcamped win7. Sounded like a good idea, so I customized a powerbook. It was mostly the same but had a lesser video card and slower ram, which only added to the spit-take I was about to make when I saw the price tag of 2,300 dollars.
At that price I could buy the first computer, a copy of OSX to dual boot with, and still have enough cash left over for a 1,000 dollar macbook.
After that, as a job holding full time college student, it's difficult to hear a peer suggest that I buy a mac and assume them to be of humble persuasions. I hope that one of these days I'll have a disposable income and then the thought of buying a mac will be a little easier on my blood pressure!