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Not buying it.
iPad/tablet PCs - it barely exists now. But a tiny phone? Not going to happen. The whole point of the ipad is it's just a big ipod touch! This is the opposite! And tablets...these are used for businesses and students. Try taking notes on a smartphone. Hell now that we have Apple to thank for making styluses uncool, that's even farther from likely.
Netbooks - this is just an inexpensive, low power, long battery life small laptop. These aren't going anywhere. I'm sure we'll still see plenty of 10-12" power efficient laptops.
GPS - maybe - but most phone GPS needs expensive data plans or monthly fees. Nokia has the right idea with theirs, though - no data needed - maps preloaded.
e-book readers - not a chance. Reading on a 4" screen with something that gets a few hours of battery life...yeah. Sure. Like smartphones aren't always running out of power already...and they are tiny.
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