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I'd say with the limited size resolution of the iPad, it's a good idea to hold out for a little bit if you're going for A4 sized documents. If cropping margins is possible, then it might not be bad, but it's still right on the edge of readability, if the documents use smallish fonts.
Even so, if there are good PDF viewer applications made available for the iPad, you would have a significant advantage over just about any e-paper device as you can much more rapidly zoom and pan for things you're after. If the display can't very easily show the whole thing at once, it can certainly show the great majority with only a small amount of panning that can be done very swiftly with multitouch.
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