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I'm withholding judgement until I can use one myself. I think this definitely has promise as an e-reader/netbook-ish note taking device for classes, but as SCION pointed out, no handwriting recognition technology is a deal-breaker for me. Lack of Flash support is also a deal-breaker for me as well.
We've got time before it's released to the general public anyway to make more discoveries about it, and AT&T's plans.
The big question I have is (and I know it's basically a rhetorical question at this point):
As a current AT&T Customer with unlimited texting and iPhone 3G/3GS data plans, will AT&T allow me to kill the data plan on my iPhone, get the data plan with the iPad, but keep the unlimited texting? I mean, because in all reality, IF (and it's a pretty big if) I get an iPad, I don't think I'll have much more need for the 3G data portion of the iPhone.
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