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I agree with most of you've said. In my particular case, though, I find my Netbook an indispensable tool. I have a $5,000 latop (supplied by my employer) and an iphone, also supplied by my employer. They are awesome devices in their own regard and each serves a purpose in how I use them. They cannot take the place of my netbook, however. The laptop is too heavy and clumsy and the iphone is too small and limited. My netbook runs Ubuntu and I virtualize Windows 7 and Windows XP. I can write and compile simple to moderate source code, I can run advanced mathematics and scientific software and make presentations. It is easy to carry and has a battery life of 9 hours. While this netbook cannot compete with my $5,000 notebook, it easily blows away my iphone on all counts except portability and battery life. I have tried to replace it with the iphone but it is definitely not possible based on what I use it for.
Now, what you said about dedicated e-reader vs. tablet makes perfect sense and I think you are right that it is better to wait for the more feature-rich tablet PCs.
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