I'm amazed at some of the AppleHate that folks are aiming at the iPad. I guess people are upset that they let themselves get sucked in by all the hype and really thought Uncle Steve would make a magical new super tablet for $1000, and are surprised to see a casual computing device for half the price.
I think he delivered exactly what I was expecting: an enhanced version of an already very successful product. I really like my iPod Touch, but can definitely see getting a lot of usage out of a larger screen iPad. $500 seems pretty reasonable to me, especially when you compare it to what is being offered by the competition at that price.
If you don't like iPad, don't buy one. My guess is that it will be fairly successful, on a par with the current iPod Touch.
I showed my best friend some of the comments I've seen on various web-sites about 'iTampon', 'Max-iPad', etc. She shook her head and said, "What, are some of these computers geeks 12-year old boys?"